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Bulls Get A Shot In The Arm *RES 4:.....>

CABLE TECHS
CABLE TECHS: Bulls Get A Shot In The Arm
*RES 4: 1.3679 2.382 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3618 High Jun 10, 2018
*RES 2: 1.3588 2.236 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 1: 1.3514 Intraday high
*PRICE: 1.3477 @ 06:07 GMT Dec 13
*SUP 1: 1.3381 High Mar 13
*SUP 2: 1.3336 50.0% retracement of today range thus far
*SUP 3: 1.3229 High Dec 12
*SUP 4: 1.3159 Low Dec 12
GBPUSD has rallied sharply. With the UK election results now clear, attention
will turn to whether the underlying bullish sentiment can be maintained. Bulls
have clearly been given a shot in the aim with Cable significantly higher today.
Today's gains confirm a resumption of the current uptrend. Importantly, price
has cleared 1.3381, Mar 13 high paving the way for a climb towards 1.3618 next,
Jun 10 high, 2018. 1.3381 is initial support ahead of 1.3336.

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