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CABLE TECHS: Pulling Away From Key Resistance
*RES 4: 1.2849 High Mar 12
*RES 3: 1.2726 Low Feb 28
*RES 2: 1.2643/48 High Apr 13 /High Apr 14 and the bull trigger
*RES 1: 1.2516 High May 4
*PRICE: 1.2372 @ 10:44 BST May 6
*SUP 1: 1.2298 Low Apr 24
*SUP 2: 1.2248 Low Apr 21 and the bear trigger
*SUP 3: 1.2166 Low Apr 7 and a key support
*SUP 4: 1.2132 Low Mar 27
GBPUSD is softer this morning. Attention has been on resistance at 1.2648, Apr
14 high. A break would confirm a resumption of the uptrend that has been in
place since Mar 20 and open 1.2726 initially, the Feb 28 low. However, the pair
is pulling away from 1.2648 leaving the resistance intact for now. Further
weakness would expose key support at 1.2248, Apr 21 low. A breach if seen, would
highlight a reversal. Next support is seen at 1.2298.

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