Extends This Weeks Gains *RES 4:........>

CABLE TECHS: Extends This Weeks Gains

*RES 4: 1.2813 High Jun 10 and the key bull trigger

*RES 3: 1.2755 High Jun 11

*RES 2: 1.2688 High Jun 16 and a key near-term resistance

*RES 1: 1.2567 High Jun 18

*PRICE: 1.2518 @ 05:53 BST Jun 24

*SUP 1: 1.2432 Low Jun 23

*SUP 2: 1.2336 Low Jun 22 and key intraday support

*SUP 3: 1.2322 Low Jun 1

*SUP 4: 1.2250 76.4% retracement of the May 18 - Jun 10 rally

GBPUSD found support earlier this week and has for now has established a

near-term base at 1.2336, Monday's low. To avoid a deeper pullback, the pair

will need to hold above 1.2336. Further gains would signal scope for a climb

towards the next key near-term resistance at 1.2688, Jun 16 high. On the

downside, sub 1.2336 levels would instead resume the recent bearish pressure and

open 1.2250 once again.