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Extends Gains *RES 4: 1.3338 High Dec...>

CABLE TECHS
CABLE TECHS: Extends Gains
*RES 4: 1.3338 High Dec 17
*RES 3: 1.3281 61.8% retracement of the Dec 13 - Dec 23 decline
*RES 2: 1.3210 50% retracement of the Dec 13 - Dec 23 decline
*RES 1: 1.3170 Intraday high
*PRICE: 1.3156 @ 10:15 GMT Dec 31
*SUP 1: 1.3066 Low Dec 30
*SUP 2: 1.2969 Low Dec 27
*SUP 3: 1.2905 Low Dec 23 and key support
*SUP 4: 1.2824 Low Nov 22
GBPUSD maintains a firmer short-term tone. The pair has cleared the key intraday
resistance at 1.3134, Dec 18 high. This signals scope for a stronger recovery
towards 1.3210 and 1.3281, both Fibonacci retracement levels. A breach of the
latter level would open the recent highs of 1.3514, Dec 13 high. Key support for
now is at 1.2905, a break of this level is needed to resume the recent bearish
pressure. Initial support lies at 1.3066.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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