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Key Resistance Holds For Now *RES 4:....>

CABLE TECHS
CABLE TECHS: Key Resistance Holds For Now
*RES 4: 1.3212 High Jan 7
*RES 3: 1.3215 High Feb 3 and key S/T resistance
*RES 2: 1.3073 50-dma
*RES 1: 1.3070 High Feb 5 / 13 and key near-term resistance
*PRICE: 1.3050 @ 17:04 GMT Feb 13
*SUP 1: 1.2872 Low Feb 10
*SUP 2: 1.2824 Low Nov 22
*SUP 3: 1.2769 Low Nov 8
*SUP 4: 1.2736 50% retracement of the Sep 3 - Dec 13 rally
GBPUSD firmed well Thursday, but more progress is needed before the trend
perspective reverses and the pair is now longer vulnerable. This follows the
break of trendline support last week, drawn off the Sep 3 low. Key resistance
sits at 1.3070. As long as this level remains intact, the outlook is bearish. A
break of Monday's low of 1.2872 would confirm a resumption of weakness and open
1.2824, the Nov 22 low. Bulls need a clear break above 1.3073 for encouragement.

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