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EQUITIES

Stocks Testing Wednesday High

OPTIONS

Larger FX Option Pipeline

CABLE TECHS
CABLE TECHS: Choppy European Morning
*RES 4: 1.3159/68 200-WMA, 50.0% of Apr 2018 - Sep 2019 decline
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.3013 High Oct 21
*PRICE: 1.2895 @ 09:18 GMT Oct 24
*SUP 1: 1.2840 Low Oct 18
*SUP 2: 1.2750/16 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD has been relatively choppy this morning however this has had no impact on
underlying conditions and the pair remains corrective. From a trend perspective,
the outlook is bullish with the upside trigger at 1.3013, Oct 21 high. It is
possible we'll see a deeper correction unfold before bullish activity resumes,
as the recent uptrend has been steep. Support is seen around 1.2716, the 200-DMA
and 1.2603, Oct 15 low.