$1.3630 Resistance Currently Keeps......>

CABLE TECHS: $1.3630 Resistance Currently Keeps The Downside Bias Intact

*RES 4: $1.3667 May 2 high

*RES 3: $1.3630 May 3 high

*RES 2: $1.3587/93 May 4, May 8 highs

*RES 1: $1.3565/70 Hourly resistance

*PRICE: $1.3530 @0855GMT

*SUP 1: $1.3484/87 May 8, May 4 lows

*SUP 2: $1.3458 Jan 11 low

*SUP 3: $1.3421 1.618 swing of $1.3487-$1.3593

*SUP 4: $1.3386 61.8% Fibo of $1.2774-$1.4377

*COMMENTARY* The recently slowed pace of the decline has allowed a move back

within the lower 2% volatility band and this held the fall on Friday at $1.3487.

This level was challenged again yesterday, a brief and slight break lower to

$1.3484, before finding support again. Meanwhile, resistance comes from between

$1.3565-$1.3593 but any recovery will only feel the benefit, if a break of

$1.3630 can be staged. Below $1.3484 has $1.3458-$1.3421 support next.