Key Resistance Still Intact *RES 4:.....>

CABLE TECHS: Key Resistance Still Intact

*RES 4: 1.2849 High Mar 12

*RES 3: 1.2726 Low Feb 28

*RES 2: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger

*RES 1: 1.2516 High May 4

*PRICE: 1.2432 @ 05:45 BST May 6

*SUP 1: 1.2406 Low May 04

*SUP 2: 1.2389 Low Apr 29 and key intraday support

*SUP 3: 1.2298 Low Apr 24

*SUP 4: 1.2248 Low Apr 21 and the bear trigger

GBPUSD is unchanged. Attention has been on resistance at 1.2648, Apr 14 high. A

break would confirm a resumption of the uptrend that has been in place since Mar

20 and open 1.2726 initially, the Feb 28 low. However, the pair has recently

pulled away from 1.2648 leaving the resistance intact for now. Further weakness

would expose key support at 1.2248, Apr 21 low. A breach if seen, would

highlight a reversal. Initial firm support is 1.2389.