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Bullish all round: *RES 4: 1.2740.......>

CABLE TECHS
CABLE TECHS: Bullish all round:
*RES 4: 1.2740 200-dma
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2523 Intraday High
*PRICE: 1.2453 @ 08:06 GMT Sep 16
*SUP 1: 1.2327 Low Sep 13
*SUP 2: 1.2284/79 Low Sep 12 / 50-dma
*SUP 3: 1.2234/10 Low Sep 9 and Sep 5
*SUP 4: 1.2127 Former channel top drawn off the May 6 high
GBPUSD maintains a bullish outlook following Friday's impulsive gains. Momentum
is firm and the pair made light work of congestion resistance clustered around
the week's earlier highs at 1.2385, confirming the bull flag formation and
improving the outlook further. The break higher paves the way for a climb
towards 1.2558 and 1.2582 next having probed the 1.2517 100-dma. Support lies at
1.2284, Thursday's low ahead of the 1.2234, Sep 9 low.

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