Maintains A Bid Tone *RES 4: 1.2849.....>

CABLE TECHS: Maintains A Bid Tone

*RES 4: 1.2849 High Mar 12

*RES 3: 1.2726 Low Feb 28

*RES 2: 1.2648 High Apr 14 and the bull trigger

*RES 1: 1.2529 High Apr 16 and key intraday resistance

*PRICE: 1.2468 @ 05:41 BST Apr 29

*SUP 1: 1.2360 Low Apr 27

*SUP 2: 1.2298 Low Apr 24

*SUP 3: 1.2248 Low Apr 21 and the bear trigger

*SUP 4: 1.2162 2.0% 10-dma envelope

GBPUSD maintains a near-term bid tone despite stalling at yesterday's high and

is holding onto the recent recovery off 1.2248, Apr 21 low. Current gains are

likely a correction however as long as resistance at 1.2529, Apr 16 high remains

intact. A breach would instead signal scope for a stronger climb and expose

1.2648, the Apr 14 high and the key resistance. Key near-term support has been

defined at 1.2248, Apr 21 low. This level is also the bear trigger.