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Evening Star Reversal *RES 4: 1.3588....>

CABLE TECHS: Evening Star Reversal
*RES 4: 1.3588 2.236 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3514 High Dec 13
*RES 2: 1.3422 High Dec 16
*RES 1: 1.3338 High Dec 17
*PRICE: 1.3098 @ 05:31 GMT Dec 18
*SUP 1: 1.3073 Intraday low
*SUP 2: 1.3051 Low Dec 12 and key support
*SUP 3: 1.3013 High Oct 21 and former breakout point
*SUP 4: 1.2983 Low Dec 4
GBPUSD suffered a sharp sell-off yesterday and remains vulnerable, having
retraced all of the post election rally that resulted in a high of 1.3514
Friday. Yesterday's activity does not bode well for bulls near-term. In candle
terms, a significant 3-day bearish reversal pattern has been confirmed in the
shape of an evening-star-reversal. This exposes 1.3051, Dec 12 low where a break
would open 1.3000 and below. Initial resistance is at 1.3338.

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