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Bullish Focus Pauses For Now *RES 4:....>

CABLE TECHS
CABLE TECHS: Bullish Focus Pauses For Now
*RES 4: 1.3130 High Mar 10
*RES 3: 1.3018 76.4% December 2019 - March 2020 Decline
*RES 2: 1.2849 High Mar 12
*RES 1: 1.2813 High Jun 10
*PRICE: 1.2625 @ 16:43 BST Jun 11
*SUP 1: 1.2619 Low Jun 9
*SUP 2: 1.2583 Low Jun 5
*SUP 3: 1.2501 Low Jun 4 and key near-term support
*SUP 4: 1.2446 50-day EMA
GBPUSD's bullish outlook paused Thursday, but key supports remain intact for
now. A bullish theme remains in place following last week's gains and break of
1.2648, Apr 14 high. This confirmed a resumption of the recovery that started
off the Mar 20 low. Wednesday's move topped 1.2778, a Fibonacci retracement,
narrowing the gap with the Mar 12 high at 1.2849. Firm support lies at 1.2501,
Jun 4 low. Initial support is at 1.2619.

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