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MA Studies Highlights Bullish Theme.....>

CABLE TECHS
CABLE TECHS: MA Studies Highlights Bullish Theme
*RES 3: 1.2755 High Jun 11
*RES 2: 1.2701 200-dma
*RES 1: 1.2670/88 High Jul 9 / High Jun 16
*PRICE: 1.2550 @ 17:17 BST Jul 14
*SUP 1: 1.2480 Low Jul 14
*SUP 2: 1.2478 50-day EMA
*SUP 3: 1.2438 Low Jul 3 and key near-term support
GBPUSD remains weak, but the pair staged a decent recovery off the 1.2480 lows
Tuesday. Despite the pullback Monday, a bullish outlook remains intact for now
and attention is focused on 1.2670, Jul 9 peak. A break of this hurdle would
confirm a resumption of the recovery that has been in place since Jun 29 and
pave the way for strength towards 1.2813, Jun 10 high. Moving average studies
have adopted a bullish position reinforcing the current positive outlook. The
next key support is 1.2438, Jul 3 low.

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