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Evening Star Reversal Playing Out.......>

CABLE TECHS
CABLE TECHS: Evening Star Reversal Playing Out
*RES 4: 1.3514 High Dec 13
*RES 3:1.3422 High Dec 16
*RES 2: 1.3338 High Dec 17
*RES 1: 1.3134 High Dec 18
*PRICE: 1.3028 @ 16:37 GMT Dec 19
*SUP 1: 1.2990 Low Dec 19
*SUP 2: 1.2983 Low Dec 4
*SUP 3: 1.2907 2.0% 10-dma envelope
*SUP 4: 1.2824 Low Nov 22
GBPUSD weakened further still Thursday, hitting a new post-election low at
1.2990 - an impressive reversal from the high of 1.3514 Friday. The moves look
to have been prefaced by Tuesday's significant 3-day bearish reversal pattern,
which continued to play out Thursday. This opens attempts on early December lows
at 1.2983 and the 50-dma at 1.2945. Initial firm resistance is 1.3338.

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