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Approaching Key Resistance *RES 4:......>

CABLE TECHS
CABLE TECHS: Approaching Key Resistance
*RES 4: 1.2849 High Mar 12
*RES 3: 1.2726 Low Feb 28
*RES 2: 1.2648 High Apr 14 and key resistance
*RES 1: 1.2615 Intraday high
*PRICE: 1.2600 @ 16:51 BST Jun 3
*SUP 1: 1.2479 Low Jun 2
*SUP 2: 1.2322 Low Jun 1
*SUP 3: 1.2206 Low May 27
*SUP 4: 1.2162 Low May 22 and a key near-term support
GBPUSD remains firm. Recent gains have resulted in a break and close above the
50-day EMA. This has strengthened the upside case, alongside the break of
resistance at 1.2467, May 8 high. With the 100-dma also breached, attention
turns to 1.2648, Apr 14 high and a key resistance. If the pair turns lower from
here though, the recent bearish focus will come back into play. Firm support
lies at 1.2322, the Monday low.

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