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

CABLE TECHS: Bears Focused On $1.2995-1.3064

*RES 4: $1.3421 Low May 23 

*RES 3: $1.3405 55-WMA 

*RES 2: $1.3351 Hourly resistance May 25 

*RES 1: $1.3297 Hourly resistance May 29

*PRICE: $1.3246 @ 0220GMT

*SUP 1: $1.3203 2018 Low May 29 

*SUP 2: $1.3064 100-WMA 

*SUP 3: $1.3037 Monthly Low Nov 3 

*SUP 4: $1.2995 High Sept 1 now support

*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. The

close below $1.3292 adds additional weight as layers of resistance continue to

build. Bulls now need a close above $1.3297 to gain breathing room and target a

correction back to $1.3421-1.3617 where 21 ($1.3458) & 200 ($1.3579) DMAs are

located. Above $1.3617 then targets $1.3792-1.3893.