Key Resistance Remains 1.2529 *RES 4:...>

CABLE TECHS: Key Resistance Remains 1.2529

*RES 4: 1.2849 High Mar 12

*RES 3: 1.2726 Low Feb 28

*RES 2: 1.2648 High Apr 14 and the bull trigger

*RES 1: 1.2529 High Apr 16 and key intraday resistance

*PRICE: 1.2491 @ 10:26 BST Apr 30

*SUP 1: 1.2360 Low Apr 27

*SUP 2: 1.2298 Low Apr 24

*SUP 3: 1.2248 Low Apr 21 and the bear trigger

*SUP 4: 1.2158 2.0% 10-dma envelope

GBPUSD is unchanged and maintains a near-term positive tone despite stalling at

the Tuesday high. Current gains are likely a correction though as long as

resistance at 1.2529, Apr 16 high remains intact. A breach would instead signal

scope for a stronger climb and expose 1.2648, the Apr 14 high and the key

resistance. Key near-term support has been defined at 1.2248, Apr 21 low. This

level is also the bear trigger.