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CEEMEA FX Price Signal Summary - USDZAR Remains Above Support


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CABLE TECHS: Bullish Focus
*RES 4: 1.3020 0.764 projection 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: 1.2768/2813 High Jul 21 / High Jun 10 and key resistance
*PRICE: 1.2735 @ 05:50 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 maintains a bullish tone and is holding onto this week's gains. 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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