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Looking For A Clear Breach Of 1.3000....>

CABLE TECHS
CABLE TECHS: Looking For A Clear Breach Of 1.3000
*RES 4: 1.3159/68 200-WMA, 50.0% of Apr 2018 - Sep 2019 decline
*RES 3: 1.3080 High May 8
*RES 2: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 1: 1.3013 High Oct 21
*PRICE: 1.2981 @ 04:32 GMT Oct 22
*SUP 1: 1.2840 Low Oct 18
*SUP 2: 1.2750/16 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD's bullish outlook remains firmly in place with the pair holding onto
recent gains. Note though that the trend is steep. This keeps us wary of the
risk of a sudden corrective setback. The pair traded above the 1.3000 handle
Monday, a decisive break of this level would open 1.3045, 76.4% retracement of
Mar 13 to Sep 3 decline. Support is at 1.2840, Oct 18 low and 1.2750, Oct 17
low.

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