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Analyst CPI Wraps (A-Z) – [3/3]


Analyst CPI Wraps (A-Z) – [2/3]


Analyst CPI Wraps (A-Z) – [1/3]

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CABLE TECHS: Heading South
*RES 4: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 3: 1.2516 High May 4
*RES 2: 1.2467 High May 20 and key resistance
*RES 1: 1.2340 High May 13
*PRICE: 1.2215 @ 05:30 BST May 15
*SUP 1: 1.2166 Low Apr 7, May 14 and a key support
*SUP 2: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 3: 1.2000 Round number support
*SUP 4: 1.1884 61.8% retracement of the Mar 20 - Apr 14 rally
GBPUSD this week eased through the key near-term support of 1.2248, Apr 21 low
and the base of the recent range. The break shifts the outlook negative for now
and also highlights a likely reversal. 1.2166 support, Apr 7 low was tested
yesterday, a clear break would expose 1.2132, Mar 27 low and 1.2030, a
retracement level. Firm resistance has been defined at 1.2467, May 8 high.
Initial resistance is at 1.2340, Wednesday's high.

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