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Clears the 200-DMA: *RES 4: 1.2866......>

CABLE TECHS
CABLE TECHS: Clears the 200-DMA:
*RES 4: 1.2866 Low April 25
*RES 3: 1.2838 61.8% retracement of Mar - Sep Decline
*RES 2: 1.2813 High May 21
*RES 1: 1.2800 High Oct 15
*PRICE: 1.2755 @ 04:38 GMT Oct 16
*SUP 1: 1.2603 Low Oct 15
*SUP 2: 1.2516 Low Oct 14
*SUP 3: 1.2413 100-DMA
*SUP 4: 1.2409 Low Oct 11
GBPUSD was firmer again yesterday as fresh Brexit headlines gave bulls further
impetus to press prices higher. The current rally has also cleared the 200-dma
resistance, a potentially significant milestone. If this rally can be
maintained, potential is for a climb towards the late April low of 1.2866. The
RSI is yet to indicate an overbought condition, this reinforces the bullish
theme. The 1.2838 retracement is the first objective.

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