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Bullish Conditions Hold *RES 4:.........>

CABLE TECHS
CABLE TECHS: Bullish Conditions Hold
*RES 4: 1.3679 2.382 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3618 High Jun 10, 2018
*RES 2: 1.3588 2.236 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 1: 1.3514 High Dec 13
*PRICE: 1.3337 @ 16:41 GMT Dec 13
*SUP 1: 1.3229 High Dec 12
*SUP 2: 1.3159 Low Dec 13
*SUP 3: 1.3051 Low Dec 12
*SUP 4: 1.3013 High Oct 21 and former breakout point
GBPUSD rallied sharply Friday. With the UK election results now clear, attention
turns to whether the underlying bullish sentiment can be maintained. Bulls have
clearly been given a shot in the arm with Cable significantly higher and
Friday's gains confirming a resumption of the current uptrend. Importantly,
price has cleared 1.3381, Mar 13 high paving the way for 1.3618 next, Jun 10
high, 2018. Initial support is at 1.3229.

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