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Focus on Aug 6 high: *RES 4: 1.2350.....>

CABLE TECHS: Focus on Aug 6 high:
*RES 4: 1.2350 Bear channel resistance drawn off the May 6 high
*RES 3: 1.2227/50 Upper 1.0% 10-dma env / High Jul 31
*RES 2: 1.2210 High Aug 6 and key resistance
*RES 1: 1.2175 High Aug 16
*PRICE: 1.2152 @ 03:32 GMT Aug 19
*SUP 1: 1.2042 Low Aug 13
*SUP 2: 1.2015 Low Aug12 and bear trigger
*SUP 3: 1.2000 Psychological round number
*SUP 4: 1.1986 Low Jan 16 2017
Thursday's bearish close in GBPUSD wrong footed bears somewhat Friday, as
markets recovered above 1.2150, which looks like a decent base on which to build
from this week. Having cleared the 200-hma on the way up, the focus shifts to
resistance at 1.2210. For bears to retake control, prices need to move below
1.2015, the near-term bear trigger. A break would confirm a resumption of the
downtrend and open 1.2000 and the 1.1841 post-referendum low.

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