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

CABLE TECHS
CABLE TECHS: Bullish Conditions Holding
*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: 1.3389 @ 05:43 GMT Dec 16
*SUP 1: 1.3229 High Dec 12
*SUP 2: 1.3159 Low Dec 13
*SUP 3: 1.3051 Low Dec 12 and key support
*SUP 4: 1.3013 High Oct 21 and former breakout point
GBPUSD remains bullish having rallied sharply higher Friday. This confirmed a
resumption of the uptrend that has been in place since Sep 3 and maintains the
bullish price sequence of higher highs and higher lows. Price cleared 1.3381
Friday, Mar 13 high paving the way for 1.3618 next, Jun 10 high, 2018. Initial
support is at 1.3229 however a break below the 1.3052, Dec 12 low is required to
threaten the trend.

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