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Just Shy of the Trigger *RES 3:.........>

CABLE TECHS
CABLE TECHS: Just Shy of the Trigger
*RES 3: 1.3311 High Mar 19
*RES 2: 1.3269 High Apr 27
*RES 1: 1.3215 High Dec 10 and intraday bull trigger
*PRICE: 1.3144 @ 20:28 GMT Dec 11
*SUP 1: 1.3101 Low Dec 6
*SUP 2: 1.3013 High Oct 21 and the former breakout level
*SUP 3: 1.2983 Low Dec 4
Despite suffering a poll-inspired setback late Tuesday, GBPUSD managed to recoup
effectively all the losses ahead of the close, keeping the outlook wholly
positive. 1.3215 remains initial resistance, with bulls taking some confidence
from the recent break of 1.3013, the Oct 21 high. The pair has also cleared
1.3130, a Fibonacci projection and 1.3196, the April high. Clearance of 1.3215
would confirm a resumption of the uptrend and open 1.3269, Mar 27 high. 1.3013,
remains key support for now.

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