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Bullish above trendline: *RES 4:........>

CABLE TECHS: Bullish above trendline:
*RES 4: 1.2830 50-DMA
*RES 3: 1.2813 High May 21
*RES 2: 1.2763 High Jun 7 and key resistance
*RES 1: 1.2726 Intraday High
*PRICE: 1.2720 @ 08:36 GMT June 20
*SUP 1: 1.2543 Jun 19 low
*SUP 2: 1.2500 Round number support
*SUP 3: 1.2476 Low Dec 12, 2018
*SUP 4: 1.2407 Low Jan 3 and major support
Cable extends gains throughout Asia and Europe. Thursday's key technical
development is the overnight breach of trendline resistance at 1.2665. The
trendline is drawn off the May 6 high. This has significantly offset the recent
bearish threat. A daily close above the trendline today would strengthen the
case for bulls. Furthermore, momentum conditions are bullish. The bullish
divergence between price and momentum is now relevant in relation to a reversal.

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