Consolidating: *RES 4: 1.2670 50%.......>

CABLE TECHS: Consolidating:

*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline

*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger

*RES 2: 1.2503 High Sep 24

*RES 1: 1.2381 High Sep 26

*PRICE: 1.2285 @ 04:28 GMT Oct 1

*SUP 1: 1.2271 Low Sep 27 and 50.0% of Sep 3 - Sep 20 rally

*SUP 2: 1.2262 50-dma

*SUP 3: 1.2234/10 Low Sep 9 and Sep 5

*SUP 4: 1.2197 61.8% Sep 3 - Sep 20 rise

GBPUSD is consolidating. Friday saw the pair test the 50% Fibonacci retracement

of Sep 3 - Sep 20 rally at 1.2271. Attention is also on the 50-dma at 1.2262. A

break of these two supports would open a deeper correction towards the 1.2197,

the 61.8% retracement. If the current move lower is still a correction, prices

ideally should find support ahead of the 61.8% retracement. A move above initial

resistance at 1.2381, Sep 26 high would be encouraging for bulls.