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Goes nowhere fast: *RES 4: 1.2739.......>

CABLE TECHS
CABLE TECHS: Goes nowhere fast:
*RES 4: 1.2739 200-dma
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2527/01 High Sep 17 / 100-dma
*PRICE: 1.2483 @ 19:25 GMT Sep 18
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3: 1.2284/78 Low Sep 12 / 50-dma
*SUP 4: 1.2234/10 Low Sep 9 and Sep 5
Wednesday was an inside session for the pair, doing little to change the broader
technical outlook. This means the bullish outlook has been retained, with
momentum and short-term moving average studies remaining firm. The 100-dma
continues to provide an area of resistance. A break above 1.2527, the Tuesday
high would confirm a resumption of the uptrend and clear the 100-dma, opening
1.2558 and 1.2582 next.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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