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Direction South *RES 4: 1.2643/48.......>

CABLE TECHS
CABLE TECHS: Direction South
*RES 4: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 3: 1.2516 High May 4
*RES 2: 1.2467 High May 20 and key resistance
*RES 1: 1.2340 High May 13
*PRICE: 1.2120 @ 16:50 BST May 15
*SUP 1: 1.2115 Low May 15
*SUP 2: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 3: 1.2000 Round number support
*SUP 4: 1.1884 61.8% retracement of the Mar 20 - Apr 14 rally
The pair fell every session in the past week, taking out several key support
levels to switch the outlook resolutely negative. Having fallen through 1.2248,
1.2166 and now 1.2132, the Mar 27 low, this exposes 1.2030, a retracement level
as the next level to watch. Firm resistance has been defined at 1.2467, May 8
high. Initial resistance is at 1.2340, Wednesday's high.

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