Bullish Focus *RES 4: 1.2693 200-dma....>

CABLE TECHS: Bullish Focus

*RES 4: 1.2693 200-dma

*RES 3: 1.2688 High Jun 16

*RES 2: 1.2599 61.8% retracement of the Jun 10 - 29 decline

*RES 1: 1.2530/43 High Jul 2 / High Jun 24 and key near-term resistance

*PRICE: 1.2488 @ 10:29 BST Jul 6

*SUP 1: 1.2360 Low Jul 1

*SUP 2: 1.2252 Low Jun 29

*SUP 3: 1.2250 76.4% retracement of the May 18 - Jun 10 rally

*SUP 4: 1.2180 2.0% 10-dma envelope

GBPUSD recovered last week and for now is holding onto the bulk of recent gains.

Prices last week cleared both the 20- and 50-day EMAs and the 100-dma, keeping a

firm outlook intact, although some additional follow through is still required

to reinforce the break and its bullish significance. The move higher opens

1.2543 next, Jun 24 high, a break would expose 1.2599, a Fibonacci retracement.

Key support is 1.2252, Jun 29 low.