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Bullish Focus *RES 4: 1.3130 High Mar...>

CABLE TECHS
CABLE TECHS: Bullish Focus
*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: 1.2705 @ 10:27 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 retains a bullish outlook although the pair has struggled to hold onto
yesterday's high and is correcting. 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. Yesterday'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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