Key Support Defined At 1.2336 *RES 4:...>

CABLE TECHS: Key Support Defined At 1.2336

*RES 4: 1.2813 High Jun 10 and the key bull trigger

*RES 3: 1.2755 High Jun 11

*RES 2: 1.2688 High Jun 16

*RES 1: 1.2543 High Jun 24 and key near-term resistance

*PRICE: 1.2405 @ 10:32 BST Jun 26

*SUP 1: 1.2336 Low Jun 22 and key intraday support

*SUP 2: 1.2322 Low Jun 1

*SUP 3: 1.2256 2.0% 10-dma envelope

*SUP 4: 1.2250 76.4% retracement of the May 18 - Jun 10 rally

Cable has established a near-term base at 1.2336, Monday's low. To avoid a

deeper pullback, the pair needs to hold above this support. Further gains would

signal scope for a climb towards the next key near-term resistance at 1.2688,

Jun 16 high. On the downside, and with Tuesday's pullback in mind, sub 1.2336

levels would instead resume the recent bearish pressure and open 1.2250, a

Fibonacci retracement level.