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Can bounce be sustained?: *RES 4:.......>

CABLE TECHS
CABLE TECHS: Can bounce be sustained?:
*RES 4: 1.2399 High Jul 29
*RES 3: 1.2336/82 50-dma / Low Jul 17
*RES 2: 1.2310 High Aug 27 and key resistance
*RES 1: 1.2227 Bull channel top drawn off the May 6 high
*PRICE: 1.2085 @ 15:56 GMT Sep 3
*SUP 1: 1.1959 Intraday, cycle Low
*SUP 2: 1.1942 10-dma 2% envelope
*SUP 3: 1.1841 Post-Brexit Referendum Low
*SUP 4: 1.1800 Bear channel base drawn off the May 6 high
Rate posted a very decent range Tuesday, hitting fresh YTD and cycle lows at
1.1959 before staging a decent rally to recover briefly back above the 1.21
mark. The viability of the intraday recovery will hinge on bulls' ability to
close north of 1.2066, which should provide a decent base for a test of the
1.2227 bull channel top. The outlook is far from positive, however, with support
thin ahead of the post-referendum lows at 1.1841.

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