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Clear break of 1.2763 would likely......>

CABLE TECHS
CABLE TECHS: Clear break of 1.2763 would likely trigger fresh bullish interest:
*RES 4: 1.2925 61.8% retracement of the May 6-May 18 decline
*RES 3: 1.2866 Low Apr 25
*RES 2: 1.2809/13 50-DMA and High May 21
*RES 1: 1.2767 High Jun 24
*PRICE: 1.2745 @ 04:07 GMT June 25
*SUP 1: 1.2696/49 100-hma/200-hma
*SUP 2: 1.2617 Former trendline resistance, now support
*SUP 3: 1.2543 Low Jun 19
*SUP 4: 1.2506 Low Jun 18
Cable remains bullish following last week's trendline break. Momentum is rising
and further gains are favoured with the focus on the 1.2763 resistance. This is
the Jun 7 high and was probed yesterday. A clear break would represent an
important technical development and likely trigger fresh buying interest opening
1.2813, the May 21 high. A clear breach of 1.2763 would also confirm the bullish
divergence between price and momentum.

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