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Corrective Pullback still Likely *RES...>

CABLE TECHS
CABLE TECHS: Corrective Pullback still Likely
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2950 High Oct 24
*PRICE: 1.2864 @ 05:32 GMT Oct 30
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/15 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD recovered off the day low and close the day unchanged. The pullback in
Cable from Oct 21 is still viewed as a correction and there remains the
possibility we'll still see a deeper sell-off before bullish activity resumes,
as the recent uptrend has been steep. The trigger is 1.2789, Oct 24 low. Support
is seen around 1.2715, the 200-DMA and 1.2603, Oct 15 low. Overall, bullish
trend conditions remain intact, the bull trigger is 1.3013, Oct 21 high.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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