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Freefalling *RES 4: 1.2977 High Mar.....>

CABLE TECHS
CABLE TECHS: Freefalling
*RES 4: 1.2977 High Mar 11
*RES 3: 1.2849 High Mar 12
*RES 2: 1.2726 Low Feb 28 and yesterday's breakout level
*RES 1: 1.2624 High Feb 13
*PRICE: 1.2286 @ 18:33 GMT Mar 13
*SUP 1: 1.2195 Low Oct 8, 2019
*SUP 2: 1.2079 Low Sep 4, 2019
*SUP 3: 1.2000 Round number support
*SUP 4: 1.1959 Low Sep 3, 2019
GBPUSD remains under pressure having cleared key support at 1.2726, Feb 28 low.
This confirms a resumption of the move lower that has been in place since the
pair peaked at 1.3514 on Dec 13. The break paves the way for weakness towards
1.2195 next, Oct 8 2019 low. A deeper sell-off would open 1.2079, Sep 4 2019 low
ahead of the psychological 1.2000 level. The breakout level at 1.2726 is now
seen as a firm resistance. Initial resistance is 1.2624.

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