Focus Is On Key Support *RES 4:.........>

CABLE TECHS: Focus Is On Key Support

*RES 4: 1.2726 Low Feb 28

*RES 3: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger

*RES 2: 1.2516 High May 4

*RES 1: 1.2450 High May 6

*PRICE: 1.2385 @ 10:36 BST May 8

*SUP 1: 1.2266 Low May 7

*SUP 2: 1.2248 Low Apr 21 and the bear trigger

*SUP 3: 1.2166 Low Apr 7 and a key support

*SUP 4: 1.2132 Low Mar 27

GBP weakness extended Thursday although price did rebound off the day low of

1.2266. Attention has recently been on resistance at 1.2648, Apr 14 high. A

break is required to confirm a resumption of the uptrend since Mar 20 and open

1.2726, Feb 28 low. Following this week's pullback though,the focus shifts to

key support at 1.2248, Apr 21 low where a break if seen, would highlight a

reversal and open 1.2166, low Apr 7.