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- RES 4: 1.4182 High Feb 25
- RES 3: 1.4167 Bull channel top drawn off the Nov 2, 2020 low
- RES 2: 1.4017 High Mar 4
- RES 1: 1.3907 High Mar 5
- PRICE: 1.3815 @ 17:10 GMT Mar 8
- SUP 1: 1.3779 Low Mar 8
- SUP 2: 1.3760 50-day EMA
- SUP 3: 1.3702 Bull channel drawn off the Nov 2, 2020 low.
- SUP 4: 1.3663 Low May 5
Cable remained soft Friday. Price has cleared the 20-day EMA and in turn has also breached a number of near-term support levels. The focus is on 1.3760 next, the 50-day EMA. Clearance of this average would leave the bull channel support at 1.3711 exposed. The channel is drawn off the Nov 2, 2020 low and a move below this support would highlight an important short-term reversal. Firm resistance is at 1.4017, Mar 4 high.