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Bullish Focus Intact RES 4: 1.3020......>

CABLE TECHS
CABLE TECHS: Bullish Focus Intact
RES 4: 1.3020 0.764 proj of the Mar 20 - Apr 14 rally from May 18 low
RES 3: 1.2977 High Mar 11
RES 2: 1.2849 High Mar 12
RES 1: 1.2795/2813 High Jul 24 / High Jun 10 and key resistance
PRICE: 1.2789 @ 16:29 BST Jul 24
SUP 1: 1.2644 Low Jul 22
SUP 2: 1.2591 20-day EMA
SUP 3: 1.2524/2480 50-day EMA / Low Jul 14
SUP 4: 1.2438 Low Jul 3 and key near-term support
GBPUSD maintained a bullish tone well into the Friday close. The pair has
cleared resistance at 1.2670, Jul 9 peak paving the way for a test of key
resistance at 1.2813, Jun 10 high. Clearance of this hurdle would further
reinforce bullish conditions, confirm a resumption of the uptrend since May 18
and open 1.2849. Key support remains 1.2480, Jul 14 low where a break is
required to sour the positive tone.

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