Fails To Hold Recent Highs *RES 4:......>

CABLE TECHS: Fails To Hold Recent Highs

*RES 4: 1.3284 High Dec 31

*RES 3: 1.3215 High Feb 3 and key resistance

*RES 2: 1.3200 High Mar 9 and bull trigger

*RES 1: 1.3130 High Mar 10

*PRICE: 1.2867 @ 16:47 GMT Mar 11

*SUP 1: 1.2832 Low Mar 11

*SUP 2: 1.2726 Low Feb 28 and key support

*SUP 3: 1.2710 200-dma

*SUP 4:1.2603 Low Oct 15, 2019

GBPUSD's recent recovery has stalled at Monday's 1.3200 high. Price will need to

trade above 1.3200 for bulls to get excited once again. This would open 1.3215,

Feb 3 high and beyond. A continued failure to push higher would instead expose

key support at 1.2726, Feb 28 low where a break would confirm a resumption of

decline that has been in place since peaking at 1.3514 on Dec 13. So in short,

1.2726 and 1.3200 represent the potential directional triggers.