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Bouncing *RES 3: 1.2778 76.4%...........>

CABLE TECHS
CABLE TECHS: Bouncing
*RES 3: 1.2778 76.4% retracement of the Mar 9 - 20 sell-off
*RES 2: 1.2726 Low Feb 28
*RES 1: 1.2648 High Apr 14
*PRICE: 1.2524 @ 16:35 BST Apr 15
*SUP 1: 1.2438 Low Apr 15
*SUP 2: 1.2361 Low Apr 9
*SUP 3: 1.2288 Low Apr 8
The intraday bounce in the pair after the sharp morning sell-off maintains a
broader firm tone. The pair recently cleared the 1.2486 bull trigger, Mar 27
high to confirm a resumption of the rally that began on Mar 20. Price has also
traded through the 50-day EMA further reinforcing a positive price structure.
The focus is on gains above 1.2700 next with attention on 1.2778, 76.4%
retracement of the Mar 9 - 20 sell-off. Key support has been defined at 1.2166,
Apr 7 low. Initial support is at 1.2361.

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