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Election Adds Weight *RES 3: 1.3080.....>

CABLE TECHS
CABLE TECHS: Election Adds Weight
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.3013 High Oct 21
*PRICE: 1.2803 @ 16:04 GMT Oct 24
*SUP 1: 1.2802 Low Oct 24
*SUP 2: 1.2750/16 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
GBPUSD was relatively choppy Thursday, before edging lower as markets anticipate
fresh elections. So far, however, this has had little impact on underlying
conditions and the pair remains corrective. From a trend perspective, the
outlook is bullish with the upside trigger at 1.3013, Oct 21 high. It is
possible we'll see a deeper correction unfold before bullish activity resumes,
as the recent uptrend has been steep. Support is seen around 1.2716, the 200-DMA
and 1.2603, Oct 15 low.

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