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Aug 6 high the trigger for gains:.......>

CABLE TECHS
CABLE TECHS: Aug 6 high the trigger for gains:
*RES 3: 1.2250 High Jul 31
*RES 2: 1.2210 High Aug 6 and key resistance
*RES 1: 1.2179 High Aug 20
*PRICE: 1.2142 @ 08:35 GMT Aug 21
*SUP 1: 1.2065 Low Aug 20 and key intraday support
*SUP 2: 1.2015 Low Aug12 and bear trigger
*SUP 3: 1.2000 Psychological round number
GBPUSD traded well within the Tuesday range, holding below its key resistance at
1.2210, the high of Aug 6. A move above this level is required to signal a
short-term corrective reversal of the recent bearish phase. This would signal
scope for a climb towards the top of the bull channel at 1.2327, drawn off the
May 6 high. For bears to retake control, prices need to move below 1.2015. This
would confirm a resumption of the downtrend opening 1.2000 and the 1.1841
post-referendum low.

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