$1.3218-$1.3226 Break Opens Up..........>

CABLE TECHS: $1.3218-$1.3226 Break Opens Up Correction Potential

*RES 4: $1.3385 76.4% Fibo of $1.3473-$1.3102

*RES 3: $1.3331 61.8% Fibo of $1.3473-$1.3102

*RES 2: $1.3299/07 Jun 15 high, Jun 13 low

*RES 1: $1.3270 Intraday high

*PRICE: $1.3246 @1643GMT

*SUP 1: $1.3200/05 Hourly support

*SUP 2: $1.3145/51 Jun 20, Jun 19 lows

*SUP 3: $1.3100/07 Swing $1.3145-$1.3218, 50% $1.1838-$1.4377

*SUP 4: $1.3084 6 week bear channel base projection

*COMMENTARY* A move into $1.3107-$1.3100 support seen today and as intimated

earlier, we were close to the base of a 5th wave in the fall from the month's

$1.3473 high. The subsequent move through $1.3218-$1.3226 has given the impetus

to launch this correction. A high of $1.3270 seen so far, as we reach near term

overbought conditions. Support from $1.3200 but $1.3151-$1.3145 of more

consequence below. While above, there will be scope to increase gains further.