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Holding Onto Gains *RES 4: 1.3215.......>

CABLE TECHS
CABLE TECHS: Holding Onto Gains
*RES 4: 1.3215 High Feb 3
*RES 3: 1.3070 High Feb 13
*RES 2: 1.3018 High Feb 25 and 50-dma
*RES 1: 1.2969 High Mar 5
*PRICE: 1.2952 @ 05:55 GMT Mar 6
*SUP 1: 1.2861 Low Mar 5
*SUP 2: 1.2726 Low Feb 28
*SUP 3: 1.2705 200-dma
*SUP 4: 1.2632 2.0% 10-dma envelope
This week's GBPUSD recovery remains in place. The move higher yesterday has
changed the S/T outlook and Cable now looks set to potentially pressure an
important near-term resistance at 1.3018, the Feb 25 high. A break of this level
would represent an important bullish break, clearing the way for a climb towards
1.3070, Feb 13 high. Bears need a break of last Friday's 1.2726 low to reinstate
a move lower and open 1.2603, low Oct 15.

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