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Pause, no correction: *RES 3: 1.2582....>

CABLE TECHS
CABLE TECHS: Pause, no correction:
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2523 Intraday High
*PRICE: 1.2421 @ 15:44 GMT Sep 16
*SUP 1: 1.2327 Low Sep 13
*SUP 2: 1.2284/79 Low Sep 12 / 50-dma
*SUP 3: 1.2234/10 Low Sep 9 and Sep 5
Despite hitting pause Monday, GBPUSD maintains a bullish outlook, with 100-dma
building as initial resistance. Momentum remains firm more broadly after making
light work of congestion resistance clustered around last week's earlier highs
at 1.2385, confirming the bull flag formation and improving the outlook further.
The break higher paves the way for a climb towards 1.2558 and 1.2582 next having
probed the 1.2517 100-dma. Support lies at 1.2284, Thursday's low ahead of the
1.2234, Sep 9 low.

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