Correcting Higher *RES 4: 1.2726 Low....>

CABLE TECHS: Correcting Higher

*RES 4: 1.2726 Low Feb 28

*RES 3: 1.2648 High Apr 14 and the bull trigger

*RES 2: 1.2529 High Apr 16 and key intraday resistance

*RES 1: 1.2448 High Apr 21

*PRICE: 1.2430 @ 05:58 BST Apr 27

*SUP 1: 1.2298 Low Apr 24

*SUP 2: 1.2248 Low Apr 21 and the bear trigger

*SUP 3: 1.2190 2.0% 10-dma envelope

*SUP 4: 1.2166/67 Low Apr 7/Apr 21 and key support

GBPUSD is firmer as the pair extends the recovery off last week's 1.2248, Apr 21

low. Current gains are likely a correction though. The recent pullback off

1.2648, Apr 14 high signalled a concern for bulls while last Wednesday's break

of 1.2408 low, Apr 16 low has confirmed a S/T reversal. The focus is on 1.2166,

Apr 7 low. A break would open 1.2030, a Fibonacci retracement. On the upside a

break of 1.2529 is required to expose 1.2468 instead.