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Bullish Trajectory Extends *RES 4:......>

CABLE TECHS: Bullish Trajectory Extends
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3000 Psychological level
*RES 1: 1.2877 High Oct 16
*PRICE: 1.2821 @ 04:27 GMT Oct 17
*SUP 1: 1.2603 Low Oct 15
*SUP 2: 1.2516 Low Oct 14
*SUP 3: 1.2415 100-DMA
*SUP 4: 1.2409 Low Oct 11
The GBPUSD bullish trajectory extended further yesterday. The current bullish
theme remains firmly entrenched, although the trend is steep, following recent
sharp gains that has seen the former resistance at 1.2582 cleared. This was the
Sep 20 high. Of note too is the clearance of the 200-dma, further reinforcing
the bullish theme. The pair has also probed the 61.8% retracement of the Mar-Sep
decline at 1.2838. Attention turns to the 1.3045, 76.4% retracement.

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