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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: 1.3410 @ 10:20 GMT Dec 13
*SUP 1: 1.3358 European intraday low
*SUP 2: 1.3336 50.0% retracement of today's range thus far
*SUP 3: 1.3229 High Dec 12
*SUP 4: 1.3159 Low Dec 12
GBPUSD rallied sharply in Asia. 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 and today's gains confirm a resumption of the current
uptrend. Importantly, price has cleared 1.3381, Mar 13 high paving the way for
1.3618 next, Jun 10 high, 2018. Initial support is at 1.3358 ahead of 1.3336.

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