Bears Focused On 1.2995-1.3064 *RES.....>

CABLE TECHS: Bears Focused On 1.2995-1.3064

*RES 4: $1.3445 Hourly resistance May 22 

*RES 3: $1.3421 Low May 23 

*RES 2: $1.3405 55-WMA 

*RES 1: $1.3351 Hourly resistance May 25

*PRICE: $1.3319 @ 0430GMT

*SUP 1: $1.3292 2018 Low May 25 

*SUP 2: $1.3219 Low Nov 28 

*SUP 3: $1.3064 100-WMA 

*SUP 4: $1.3037 Monthly Low Nov 3

*COMMENTARY: Pressure on the pair resulted in a weekly close below the 55-WMA

which adds weight to the case for a move currently targeting $1.2995-1.3064.

Bears now look for a close below $1.3292 to add additional weight as layers of

resistance continue to build. Bulls now need a close above $1.3421 to ease

bearish pressure and above $1.3617 to hint at a move back to $1.3792-1.3893

where, 55 ($1.3839) & 100 ($1.3880) DMAs are noted.