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Firmer Intraday Tone Holds *RES 4:......>

CABLE TECHS
CABLE TECHS: Firmer Intraday Tone Holds
*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: 1.3150 High Dec 30
*PRICE: 1.3115 @ 05:46 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 with USD weakness providing support.
Cable yesterday probed initial resistance at 1.3134, Dec 18 high where a clear
break would signal 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 would resume the recent bearish pressure.

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