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Eyeing Resistance At 1.3013 *RES 4:.....>

CABLE TECHS
CABLE TECHS: Eyeing Resistance At 1.3013
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2976 High Oct 31
*PRICE: 1.2938 @ 16:08 GMT Nov 1
*SUP 1: 1.2845 Low Oct 30
*SUP 2: 1.2789 Low Oct 24 and key near-term support
*SUP 3: 1.2750/13 Low Oct 17 / 200-DMA
*SUP 4: 1.2603 Low Oct 15
GBPUSD holds onto gains. Despite this weeks upleg, there still remains the
possibility we'll see a deeper sell-off before stronger bullish activity
resumes, as the uptrend since Oct 8 has been steep. The trigger is for an
extension lower is 1.2789, Oct 24 low. This would open 1.2713, the 200-DMA and
1.2603, Oct 15 low. On the upside, the bull trigger is 1.3013, Oct 21 high. A
break here would instead confirm a resumption of the uptrend.

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