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Broader downtrend intact: *RES 4:.......>

CABLE TECHS
CABLE TECHS: Broader downtrend intact:
*RES 4: 1.2689 76.4% retracement of the decline between Jun 25-Jul 17
*RES 3: 1.2630 61.8% retracement of the decline between Jun 25-Jul 17
*RES 2: 1.2600 High Jul 3
*RES 1: 1.2558 High Jul 18
*PRICE: 1.2528 @ 08:28 GMT July 19
*SUP 1: 1.2474/57 100-hma / High Jul 17
*SUP 2: 1.2422 Low Jul 18
*SUP 3: 1.2382 Low Jul 17 / Multi-year low
*SUP 4: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
Solid UK Retail Sales data yesterday amid the backdrop of a broadly weaker
dollar has seen GBPUSD comfortably hold above the 1.25 level. Despite this, the
longer-term downtrend remains intact with a positive break and close above
1.2582 required to negate the current bearish threat. The Jul 18 low of 1.2427
provides near-term support, ahead of the multi-year lows at 1.2382.

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