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Bullish Focus *RES 3: 1.3018 76.4%......>

CABLE TECHS
CABLE TECHS: Bullish Focus
*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: 1.2766 @ 19:55 BST Jun 10
*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
GBPUSD retains a bullish outlook and is holding onto recent highs. Last week's
gains resulted in a break of and close above the 50-day EMA. Furthermore, the
pair also cleared resistance at the 1.2648 mark, Apr 14 high confirming 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. A clear break would concern
bulls.

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