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All Eyes On 1.2000 Psychological........>

CABLE TECHS
CABLE TECHS: All Eyes On 1.2000 Psychological Level
*RES 4: 1.2726 Low Feb 28 and recent breakout level
*RES 3: 1.2624 High Feb 13
*RES 2: 1.2425 High Mar 16
*RES 1: 1.2273 High Mar 17
*PRICE: 1.2029 @ 09:49 GMT Mar 18
*SUP 1: 1.1987 Intraday low
*SUP 3: 1.1970 3% Lower Bollinger Band
*SUP 3: 1.1959 Low Sep 3 and key support
*SUP 4: 1.1841 Low Oct 7, 2016
GBPUSD remains under considerable pressure following the sharp sell-off last
week and so far this week. Last week's break of key support at 1.2726, Feb 28
low continues to weigh. The move confirmed a resumption of the downleg that has
been in place since Dec 13. This opens critical support at 1.2000, currently
under pressure and last crossed in 2019, which marks a key psychological level
on the longer-term charts. Resistance is Tuesday's high at 1.2273.

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