Below $1.4160 Now The Brake To A........>

CABLE TECHS: Below $1.4160 Now The Brake To A Deeper Fall

*RES 4: $1.4340 Congestion area Apr 16-17

*RES 3: $1.4311 Apr 18 high

*RES 2: $1.4270/83 Initial low Apr 18, Apr 17 low

*RES 1: $1.4246/47 Hourly high Apr 18, intraday high

*PRICE: $1.4196 @1657GMT

*SUP 1: $1.4145/60 Apr 12 low, hourly support

*SUP 2: $1.4120/23 Apr 10 low, 61.8% of $1.3966-$1.4377

*SUP 3: $1.4063/68 76.4% Fibo, 1% vol band, 8 week s/line

*SUP 4: $1.4044 50% Fibo of $1.3712-$1.4377

*COMMENTARY* Support from $1.4165 was under threat earlier, loss exposing the

Apr 12 low at $1.4145 and more importantly the $1.4123-$1.4120 area below. The

latter is the safety catch against a deeper $1.4068-$1.4063 fall. This then a

triple area of support. Meanwhile resistance from yesterday's $1.4247 recovery

high has frustrated rallies and break is needed to stimulate any further gains

and some correction of this week's losses from $1.4377.