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Firmer And Holds Above Support *RES.....>

CABLE TECHS
CABLE TECHS: Firmer And Holds Above Support
*RES 4: 1.2813 High Jun 10 and key resistance
*RES 3: 1.2755 High Jun 11
*RES 2: 1.2704 200-dma
*RES 1: 1.2670/88 High Jul 9 / High Jun 16
*PRICE: 1.2649 @ 18:23 BST Jul 20
*SUP 1: 1.2491/80 50-day EMA / Low Jul 14
*SUP 2: 1.2438 Low Jul 3 and key near-term support
*SUP 3: 1.2360 Low Jul 1
*SUP 4: 1.2252 Low Jun 29 and key support
GBPUSD has started the week on a firm note trading higher Monday. The pair has
held above 1.2480, Jul 14 low maintaining a bullish outlook with attention on
1.2670, Jul 9 peak. A break would confirm a resumption of the recovery that has
been in place since Jun 29 and open 1.2813, Jun 10 high. MA studies maintain a
bullish position reinforcing the current positive theme. A move below 1.2480
would threaten the current bullish cycle.

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