Correction Falters Ahead Of The 61.8%...>

CABLE TECHS: Correction Falters Ahead Of The 61.8% Fibo Retrace Level

*RES 4: $1.3385 76.4% Fibo of $1.3473-$1.3102

*RES 3: $1.3331 61.8% Fibo of $1.3473-$1.3102

*RES 2: $1.3315 Jun 22 high

*RES 1: $1.3280/90 Hourly resistance

*PRICE: $1.3241 @0735GMT

*SUP 1: $1.3200/10 Hourly support

*SUP 2: $1.3180/85 Congestion area Jun 19-20

*SUP 3: $1.3145/51 Jun 20, Jun 19 lows

*SUP 4: $1.3102/07 Jun 21 low, 50% of $1.1838-$1.4377

*COMMENTARY* A move into $1.3107-$1.3100 support seen Thursday and as intimated,

we were close to the base of a 5th wave in the fall from the month's $1.3473

high. The subsequent move through $1.3218-$1.3226 has given the impetus to

launch this correction. A high of $1.3315 so far, just below the 61.8% retrace

level at $1.3331, as we reach near term overbought conditions. Support from

$1.3210-$1.3180 but $1.3151-$1.3145 of more consequence below.