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Out and Out Bullish *RES 3: 1.2784......>

CABLE TECHS
CABLE TECHS: Out and Out Bullish
*RES 3: 1.2784 High Jun 25
*RES 2: 1.2714 200-DMA
*RES 1: 1.2707 High Oct 11
*PRICE: 1.2680 @ 15:34 GMT Oct 11
*SUP 1: 1.2337 50% retracement yesterday's range
*SUP 2: 1.2195 Low Oct 8
*SUP 3: 1.2178 1.0% 10-dma envelope
Sterling lived up to its name as the most volatile in G10 Friday, surging
sharply against all others as the Brexit clouds cleared. This blew away all
near-term resistance levels and could be a game changer for the medium-term
outlook should the rally be sustained. The pair managed a high print up at
1.2707 and the limited pullback from the highs suggests appetite for targets
north of the 200-dma. This bumps medium-term targets up to 1.2838, the 61.8% Fib
of the March - September decline.

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