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BLOCK, 5Y/10Y Ultra Bond Steepener


BLOCK, 30Y Puts


Stalls, But Bias Remains Higher


$2B CSX 3Pt Launched

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CABLE TECHS: Bullish Theme Intact
*RES 4: 1.3269 High Apr 27
*RES 3: 1.3203 1.618 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 2: 1.3185/96 High May 6 / High Apr 3
*RES 1: 1.3166 High Dec 5
*PRICE: 1.3157 @ 05:24 GMT Dec 6
*SUP 1: 1.3103 Low Dec 5
*SUP 2: 1.3013 High Oct 21 and today's breakout level
*SUP 3: 1.2983 Low Dec 4
*SUP 4: 1.2879 Low Nov 29
GBPUSD maintains a bullish theme following this week's strong rally and break of
former resistance at 1.3013, Oct 21 high. Cable has cleared 1.3130, a Fibonacci
projection and attention turns to resistance at 1.3185 and 1.3196, May and April
highs respectively. It is worth noting that momentum is in overbought territory
however, this does not appear to be a threat to bulls at this stage. 1.3013, the
former breakout level marks support for now.

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