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Multi-year lows printed: *RES 4:........>

CABLE TECHS: Multi-year lows printed:
*RES 4: 1.2600 High Jul 3
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2489/2521 100-hma / High Jul 16
*RES 1: 1.2457 High Jul 17
*PRICE: 1.2438 @ 04:00 GMT July 18
*SUP 1: 1.2382 Low Jul 17 / Multi-year low
*SUP 2: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
*SUP 3: 1.2274 3% Lower Bollinger Band
*SUP 4: 1.2110 March 2017 low
Cable confirmed a resumption of the downtrend Wednesday with a move to fresh
multi-year lows of 1.2382. Recovery efforts have  been limited, maintaining the
longer-term bearish trend. The break lower leaves little support until 1.2352,
marking the 1.618 swing line and the April 2017 lows of 1.2351. Initial
resistance is at 1.2457, yesterday's high ahead of the high of Jul 16 at 1.2521.
A break above 1.2582 though is required to negate the current bearish threat.

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