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Encouragement For Bulls *RES 4:.........>

CABLE TECHS
CABLE TECHS: Encouragement For Bulls
*RES 4: 1.2838 61.8% Mar - Sep Decline
*RES 3: 1.2784 High Jun 25
*RES 2: 1.2714 200-DMA
*RES 1: 1.2707 High Oct 11
*PRICE: 1.2614 @ 04:30 GMT Oct 14
*SUP 1: 1.2516 38.2% retracement of Oct 8 - Oct 11 rally
*SUP 2: 1.2409 Low Oct 11
*SUP 3: 1.2318 76.4% retracement of Oct 8 - Oct 11 rally
*SUP 4: 1.2195 Low Oct 8
GBPUSD ended last week on a firm bullish note following the sharp rally Thursday
and Friday as Brexit clouds cleared. All pertinent near-term resistance levels
were breached as a result and this potentially shifts the medium-term outlook in
favour of the bull camp, should the rally be sustained. The pair managed a high
print of 1.2707 which marks initial intraday resistance. Scope is seen for a
climb north of the 200-dma towards 1.2784 next.

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