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Bulls Hold On *RES 4: 1.3381 High Mar...>

CABLE TECHS: Bulls Hold On
*RES 4: 1.3381 High Mar 13 and key resistance
*RES 3: 1.3311 High Mar 19
*RES 2: 1.3269 High Apr 27
*RES 1: 1.3215 High Dec 10 and intraday bull trigger
*PRICE: 1.3137 @ 06:00 GMT Dec 11
*SUP 1: 1.3101 Low Dec 6
*SUP 2: 1.3013 High Oct 21 and the former breakout level
*SUP 3: 1.2983 Low Dec 4
*SUP 4: 1.2879 Low Nov 29
GBPUSD remains firm and managed a fresh high print of 1.3215 Tuesday before
finding some intraday resistance. A bullish outlook is still in place following
recent strong gains and the break of 1.3013, Oct 21 high. The pair has also
cleared 1.3130, a Fibonacci projection and 1.3196, the April high. Clearance of
yesterday's high would again confirm a resumption of the uptrend and open
1.3269, Mar 27 high. 1.3013, remains key support for now.

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