Bullish Outlook Holds *RES 4: 1.2582....>

CABLE TECHS: Bullish Outlook Holds

*RES 4: 1.2582 High Sep 20 / High Jul 15 and bull trigger

*RES 3: 1.2503 High Sep 24

*RES 2: 1.2425 100-day MA

*RES 1: 1.2413 High Oct 3

*PRICE: 1.2264 @ 08:35 GMT Oct 8

*SUP 1: 1.2207 Low Oct 1

*SUP 2: 1.2197 61.8% Sep 3 - Sep 20 rise

*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise

*SUP 4: 1.2079 Low Sep 4

GBPUSD activity is quiet for now. The outlook remains bullish overall with

support at 1.2207 and importantly 1.2197 still intact. The latter level marks

61.8% of Sep 3 - Sep 20 rise and remains an important pivot point. While it

holds, potential for a recovery remains with the focus on 1.2582. The trigger

for an upside push is 1.2413, Oct 3 high. On the downside, a break of the 50-dma

and 1.2197 support would be bearish and open 1.2106 instead.