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Bullish reversal cemented: *RES 4:......>

CABLE TECHS
CABLE TECHS: Bullish reversal cemented:
*RES 4: 1.2545 100-dma
*RES 3: 1.2466 1.0% 10-dma envelope
*RES 2: 1.2427 38.2% retracement 1.3185 - 1.1959
*RES 1: 1.2385 Intraday high Sep 5
*PRICE: 1.2355 @ 16:37 BST Sep 9
*SUP 1: 1.2210 Low Sep 5
*SUP 2: 1.2182 Former channel top, now support
*SUP 3: 1.2079 Low Sep 4
*SUP 4: 1.1959 Cycle low Sep 3
Having started the week strongly, the bullish reversal in the pair cemented
further Monday, taking out last week's highs with relatively little difficulty.
This keeps the outlook bullish and adds weight to the argument that this bullish
reversal is likely to hold. The focus is on the 1.2427 Fibonacci retracement and
the 100-dma above there. Support is at 1.2182, the former channel top.

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