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Not a smooth ride, but bulls still in...>

CABLE TECHS
CABLE TECHS: Not a smooth ride, but bulls still in charge:
*RES 4: 1.2740 200-dma
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2527 High Sep 17 and just above the 100-dma
*PRICE: 1.2452 @ 08:32 GMT Sep 18
*SUP 1: 1.2393 Low Sep 17
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/78 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD maintains a bullish outlook reinforced by yesterday's recovery. Momentum
and short-term moving average studies remain firm highlighting the current
bullish technical trend set-up. The 100-dma continues to provide an area of
resistance. A break above 1.2527, yesterday's high would confirm a resumption of
the uptrend and clear the 100-dma, opening 1.2558 and 1.2582 next. Support lies
at yesterday's 1.2393 low ahead of 1.2327, Sep 13 low.

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