Bears Need Close Below 21-DMA *RES 4:...>

CABLE TECHS: Bears Need Close Below 21-DMA

*RES 4: $1.3656 2017 High Sept 20 

*RES 3: $1.3612 2018 High Jan 3 

*RES 2: $1.3585 High Jan 8 

*RES 1: $1.3553 Hourly support Jan 8 now resistance

*PRICE: $1.3573 @ 0530GMT

*SUP 1: $1.3505 Low Jan 9 

*SUP 2: $1.3491 Low Jan 1 

*SUP 3: $1.3456 High Dec 28 now support 

*SUP 4: $1.3452 21-DMA

*COMMENTARY: Failure to trouble $1.3612 so far this week has left the pair

looking a little heavy and focus back on layers of support $1.3452-91 where the

21-DMA is noted. Bears now look for a close below the 21-DMA to shift focus to

$1.3282-1.3338 where 55 & 100-DMAs and the bull channel base are situated.

Correcting O/B studies adds weight to the bearish case. Bulls now need a close

above $1.3585 to gain breathing room and above 2017 highs to target $1.3828.