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Looks to establish a base: *RES 3:......>

CABLE TECHS
CABLE TECHS: Looks to establish a base:
*RES 3: 1.2460 High Jul 26
*RES 2: 1.2382 Low Jul 17
*RES 1: 1.2180 Lower 1.0% 10-dma env
*PRICE: 1.2129 @ 15:56 GMT Aug 02
*SUP 1: 1.2080 Cycle low
*SUP 2: 1.2038 Bear channel base drawn off the high of May 6
*SUP 3: 1.2000 Psychological round number
Having printed down at 1.2080 Thursday, the pair was spared from further losses
Friday as the the July nonfarm payrolls number came in alongside expectations.
Bulls will look to build from here, targeting the lower 1.0% 10-dma envelope at
1.2180 before 1.2250 and the week's high at 1.2399. The overarching downtrend
remains in tact, however, with post-referendum lows of 1.1841 still eyed.

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