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CABLE TECHS: Focus Reverts To 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: 1.2350 @ 10:30 BST May 7
*SUP 1: 1.2298 Low Apr 24
*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
GBPUSD traded weaker Wednesday and remains vulnerable. 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, attention now turns to key support at 1.2248, Apr
21 low. A breach if seen, would highlight a reversal. 1.2298 is initial support.

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