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Clears The 1.2921 Resistance *RES 3:....>

CABLE TECHS
CABLE TECHS: Clears The 1.2921 Resistance
*RES 3: 1.3048 High Oct 5
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2985 Intraday high
*PRICE: 1.2962 @ 16:52 GMT Nov 18
*SUP 1: 1.2897 Intraday low
*SUP 2: 1.2816 Low Nov 12
*SUP 3: 1.2769 Low Nov 8 and bear trigger
GBPUSD was one-way traffic Monday, extending recent gains throughout the
European and US sessions. The recent focus has been on the potential for a move
lower. A break of 1.2789, Oct 24 low would trigger this and allow the steep
uptrend that unfolded off the Oct 8 low to unwind. However, prices have today
cleared resistance at 1.2921, a trendline drawn off the Oct 21 high. This break
highlights a bull flag formation since Oct 21 and signals a resumption of the
uptrend. The focus shifts to key resistance at 1.3013.

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