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Off Earlier Highs *RES 4: 1.3338 High...>

CABLE TECHS
CABLE TECHS: Off Earlier Highs
*RES 4: 1.3338 High Dec 17
*RES 3: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 2: 1.3212 High Jan 7
*RES 1: 1.3153 High Jan 22
*PRICE: 1.3101 @ 10:24 GMT Jan 24
*SUP 1: 1.2955 Low Jan 14
*SUP 2: 1.2905 Low Dec 23 and key support
*SUP 3: 1.2901 Trendline support drawn off the Sep 3 low
*SUP 4: 1.2824 Low Nov 22
GBPUSD gains stalled this morning however for now, the pair maintains a firmer
posture following this week's gains. The break of 1.3118, Jan 17 high is bullish
and threatens recent bearish views that have dominated since Dec 31. Bulls
target 1.3212 next ahead of the 1.3281 Fibonacci resistance area. A reversal
lower remains a possibility though. The initial trigger for weakness is 1.2955,
the Jan 14 low. Trendline support, drawn off the Sep 3 low is at 1.2901.

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