Briefly cleared the 100-hma: *RES 4:....>

CABLE TECHS: Briefly cleared the 100-hma:

*RES 4: 1.2866 Low Apr 25

*RES 3: 1.2811/13 55-dma/High May 21

*RES 2: 1.2784 High Jun 25 and key short-term bull trigger

*RES 1: 1.2735 Intraday high

*PRICE: 1.2700 @ 16:01 GMT June 28

*SUP 1: 1.2664 Intraday low

*SUP 2: 1.2633 Low Jun 20

*SUP 3: 1.2570 Former trendline resistance, now support

GBPUSD briefly cleared the 100-hma to 1.2735, before drifting back into the

range. This currently crosses at 1.2700 and will remain key at the close.

Tuesday's high of 1.2784 has now been defined as important near-term resistance.

Despite the recent pullback, technical conditions remain bullish following last

week's trendline breach with momentum studies still in positive territory. A

move above 1.2784 would confirm a resumption of the uptrend and open 1.2866 and

1.2923.