Bears Need Close Below $1.3914 *RES.....>

CABLE TECHS: Bears Need Close Below $1.3914

*RES 4: $1.4344 2018 High Jan 25 

*RES 3: $1.4286 High Jan 26 

*RES 2: $1.4172 Hourly resistance Jan 26 

*RES 1: $1.4096 Hourly resistance Jan 29

*PRICE: $1.4041 @ 0530GMT

*SUP 1: $1.3962 Hourly support Jan 23 

*SUP 2: $1.3914 Low Jan 23 

*SUP 3: $1.3804 21-DMA 

*SUP 4: $1.3837 Low Jan 19

*COMMENTARY: The 200-WMA ($1.4385) capped last week with the pair now looking

offered. Correcting O/B daily studies remain a concern and add weight to the

bearish case. Bears are now focused on the $1.3914-62 supports. Below $1.3914

shifts initial focus back to $1.3720-1.3804 where the 21-DMA is noted. Bulls now

need a close above $1.4208 to gain breathing room and initially target 2018 high

retests.