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Marginally Weaker *RES 4: 1.3130 1.50...>

CABLE TECHS
CABLE TECHS: Marginally Weaker
*RES 4: 1.3130 1.50 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3048 High May 10
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2985 High Nov 18
*PRICE: 1.2892 @ 10:18 GMT Nov 29
*SUP 1: 1.2824 Low Nov 22
*SUP 2: 1.2769 Low Nov 8 and bear trigger
*SUP 3: 1.2702 200-day MA
*SUP 4: 1.2658 Low Oct 16
GBPUSD is slightly weaker this morning however overall is unchanged and
continues to trade within the range that has developed since prices peaked at
1.3013 on Oct 21. From a trend perspective, the outlook is bullish and the
consolidation is seen as a potential bull flag. If correct, this suggests an
eventual break higher to confirm a resumption of the uptrend. 1.3013 is
resistance and bull trigger. On the downside, key support is 1.2769, Nov 8 low.

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