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Pushing Higher *RES 4: 1.3284 High......>

CABLE TECHS
CABLE TECHS: Pushing Higher
*RES 4: 1.3284 High Dec 31
*RES 3: 1.3215 High Feb 3
*RES 2: 1.3070 High Feb 13
*RES 1: 1.3049 High Mar 6
*PRICE: 1.3012 @ 16:54 GMT Mar 6
*SUP 1: 1.2861 Low Mar 5
*SUP 2: 1.2726 Low Feb 28 and key support
*SUP 3: 1.2705 200-dma
*SUP 4: 1.2632 2.0% 10-dma envelope
The week's GBPUSD recovery remains in place. The move higher Thursday changed
the S/T outlook, resulting in the pair topping important near-term resistance at
1.3018, the Feb 25 high. The break of this level represents an important bullish
break, clearing the way for a climb towards 1.3070, Feb 13 high. Bears need a
break of last Friday's 1.2726 low to reinstate a move lower. Initial support is
at 1.2861.

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