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Bulls pause for breath: *RES 4:.........>

CABLE TECHS
CABLE TECHS: Bulls pause for breath:
*RES 4: 1.2739 200-dma
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2527/01 High Sep 17 / 100-dma
*PRICE: 1.2490 @ 08:39 GMT Sep 19
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/78 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD continues to consolidate with the broader technical outlook unchanged and
bullish conditions holding. Momentum and short-term moving average studies
remain firm. The 100-dma continues to provide an area of resistance. A break
above 1.2527, the Tuesday high would confirm a resumption of the uptrend and
clear the 100-dma, opening 1.2558 and 1.2582 next. Support lies at Tuesday's
1.2393 low ahead of 1.2327, Sep 13 low.

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