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Left Wanting *RES 4: 1.3338 High Dec....>

CABLE TECHS
CABLE TECHS: Left Wanting
*RES 4: 1.3338 High Dec 17
*RES 3: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 2: 1.3212 High Jan 7
*RES 1: 1.3215 High Feb 3
*PRICE: 1.2990 @ 16:26 GMT Feb 5
*SUP 1: 1.2941 Low Jan 4 and just below trendline support
*SUP 2: 1.2905 Low Dec 23
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
GBPUSD failed in an attempt to push higher early Wednesday. This week price has
traded to a low of 1.2941, probing the Jan 14 low of 1.2955 and the key
trendline support drawn off the Sep 3 low. The trendline intersected at 1.2965
yesterday. For now, the trendline has essentially held however a move through
yesterday's low of 1.2941 would highlight a break and confirm a broader bearish
theme, opening 1.2905 initially. Resistance is at 1.3215, Monday's high.

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