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CABLE TECHS: Above $1.3421 To Target $1.3586-1.3711
*RES 4: $1.3491 Hourly resistance May 18, High May 22
*RES 3: $1.3421 High May 24
*RES 2: $1.3412 21-DMA
*RES 1: $1.3411 55-WMA
*PRICE: $1.3310 @ 0430GMT
*SUP 1: $1.3292 Low June 4
*SUP 2: $1.3240 Low May 30
*SUP 3: $1.3203 2018 Low May 29
*SUP 4: $1.3068 100-WMA
*COMMENTARY: Hesitation ahead of $1.3411-21 where the 21-DMA and 55-WMA are
noted has left the pair looking heavy once more with focus on the break of
$1.3203 needed to reconfirm the bearish bias and focus on $1.2995-1.3068 where
the 100-WMA is found. Bulls now need a close above $1.3421 to shift focus to
$1.3588-1.3711 where the 200-DMA is located. A close above $1.3711 is needed to
initially target $1.3778-1.3893 where 55 & 100-DMAs are found.