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Firms This Morning *RES 4: 1.3215.......>

CABLE TECHS
CABLE TECHS: Firms This Morning
*RES 4: 1.3215 High Feb 3
*RES 3: 1.3070 High Feb 13
*RES 2: 1.3018 High Feb 25 and 50-dma
*RES 1: 1.2946 High Feb 27
*PRICE: 1.2921 @ 10:44 GMT Mar 5
*SUP 1: 1.2770 Low Mar 4
*SUP 2: 1.2726 Low Feb 28
*SUP 3: 1.2703 200-dma
*SUP 4: 1.2625 2.0% 10-dma envelope
GBPUSD extends this week's recovery. The move higher this morning has changed
the S/T outlook and Cable now looks set to potentially pressure an important
near-term resistance at 1.3018, the Feb 25 high. A break of this level would
represent an important bullish break, clearing the way for a climb towards
1.3070, Feb 13 high. Bears need a break of last Friday's 1.2726 low to reinstate
a move lower and open 1.2603, low Oct 15.

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