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Brexit News Triggers Volatile...........>

CABLE TECHS
CABLE TECHS: Brexit News Triggers Volatile Session:
*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 2: 1.2503 High Sep 24
*RES 1: 1.2381 High Sep 26
*PRICE: 1.2281 @ 04:35 GMT Oct 2
*SUP 1: 1.2207 Low Oct1
*SUP 2: 1.2197 61.8% Sep 3 - Sep 20 rise
*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise
*SUP 4: 1.2079 Low Sep 4
A volatile session yesterday in GBPUSD. The pair broke below the 50-dma Tuesday,
trading to a low just ahead of the 61.8% retracement level at 1.2197. The 61.8%
level is an important pivot point. If the recent pullback is a correction,
1.2197 would be expected to provide a firm support for a renewed push higher. A
clear break of the 50-dma and 1.2197 however would a bearish development. 1.2381
marks initial resistance.

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