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Fresh Lows Expose Critical Support......>

CABLE TECHS
CABLE TECHS: Fresh Lows Expose Critical Support
*RES 4: 1.2726 Low Feb 28 and yesterday's breakout level
*RES 3: 1.2624 High Feb 13
*RES 2: 1.2425 High Mar 16
*RES 1: 1.2273 Intraday high
*PRICE: 1.2047 @ 16:27 GMT Mar 17
*SUP 1: 1.2003 Low Mar 17
*SUP 3: 1.2000 Round number support
*SUP 3: 1.1967 3% Lower Bollinger Band
*SUP 4: 1.1959 Low Sep 3 and key support
GBPUSD remains under considerable pressure following the sharp sell-off last
week and the break of key support at 1.2726, Feb 28 low. The move confirmed a
resumption of the downleg that has been in place since Dec 13. The 1.2195
support, Oct 8 2019 low has been breached. This opens critical support at 1.20,
last crossed in 2019, which marks a key psychological level on the longer-term
charts. Resistance switches to Tuesday's high at 1.2273.

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