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Firmer *RES 4: 1.3338 High Dec 17.......>

CABLE TECHS
CABLE TECHS: Firmer
*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: 1.3134 High Dec 18 and key near-term resistance
*PRICE: 1.3120 @ 05:57 GMT Dec 30
*SUP 1: 1.3066 Intraday low
*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 also providing
support as the pair edges higher. Cable is approaching initial resistance at
1.3134, the Dec 18 high where a 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 signal scope for a move towards the recent highs of 1.3514,
Dec 13 high. Key support for now is at 1.2905.

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