Firmer Tone Intact *RES 4: 1.3338.......>

CABLE TECHS: Firmer Tone Intact

*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: 1.3117 @ 10:59 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, 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.