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: 1.2127 @ 08:15 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.