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CABLE TECHS: Bullish conditions softer, but still in place:
*RES 4: 1.2838 61.8% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2737 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 @ 08:25 GMT Sep 23
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/74 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD maintains a bullish outlook despite Friday's pullback after hitting new
recovery highs at 1.2582. Momentum and short-term moving average studies remain
firm. With bullish trend conditions still in place, potential is for a climb
towards 1.2670, the 50% retracement of the decline between Mar 13 - Sep 3. On
the downside, support lies at 1.2393, Sep 17 low ahead of 1.2327, Sep 13 low.