Headline risk evident as rate bursts....>

CABLE TECHS: Headline risk evident as rate bursts on Brexit news:

*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline

*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger

*RES 2: 1.2503 High Sep 24

*RES 1: 1.2381 High Sep 26

*PRICE: 1.2296 @ 16:24 GMT Oct 1

*SUP 1: 1.2207 Intraday low

*SUP 2: 1.2197 61.8% Sep 3 - Sep 20 rise

*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise

*SUP 4: 1.2079 Low Sep 4

The pair broke back below the 50-dma Tuesday. This all changed, however, as the

rate burst back above 1.23 on reports that the EU could accept a time limit to

the NI backstop. Over the medium-term, this does little to change the technical

outlook, but spares the pair from a bearish breakout just yet. A clear break

below the 50-dma opens a deeper correction towards 1.2197, the 61.8%

retracement. A move above 1.2381 resistance would be encouraging for bulls.