Bull trigger looks out of reach for.....>

CABLE TECHS: Bull trigger looks out of reach for now:

*RES 3: 1.2736 200-dma

*RES 2: 1.2670 50% retracement of the Mar 13 - Sep 3 decline

*RES 1: 1.2582 High Sep 20 / High Jul 15

*PRICE: 1.2434 @ 08:43 GMT Sep 25

*SUP 1: 1.2393 Low Sep 17 and key intraday support

*SUP 2: 1.2327 Low Sep 13

*SUP 3:1.2284/76 Low Sep 12 / 50-dma

GBPUSD found support yesterday. The pair maintains a bullish outlook in spite of

the modest morning pullback. Key intraday support sits at 1.2393, the low from

Sep 17. A breach of this level is required to threaten a deeper pullback and the

potential start of a correction. For now, momentum and short-term moving average

studies remain firm highlighting a bullish theme. The focus is on Friday's

1.2582 high, a break would open 1.2670, the 50% retracement of the decline

between Mar 13 - Sep 3.