Rally Approaches Next $1.3440-$1.3465...>

CABLE TECHS: Rally Approaches Next $1.3440-$1.3465 Target Zone

*RES 4: $1.3520 76.4% Fibo of $1.3618-$1.3204

*RES 3: $1.3481/87 23.6% Fibo of $1.4377-$1.3204, May 4 low

*RES 2: $1.3460/65 May 10 low, 61.8% $1.3618-$1.3204, 1% vol

*RES 1: $1.3440 Equality rise from $1.3295 to $1.3254-$1.3399

*PRICE: $1.3413 @1620GMT

*SUP 1: $1.3380/85 Hourly support

*SUP 2: $1.3355 Hourly congestion Jun 4-5

*SUP 3: $1.3331/33 Hourly low Jun 5, hourly low Jun 4 

*SUP 4: $1.3295 Jun 4 low

*COMMENTARY* Was slow to take up the opportunity given the break above $1.3370

on Monday. A high of $1.3399 before giving back a lot of ground, finally coming

to rest at $1.3295, just above the next support of note at $1.3283. Has since

recovered again through $1.3399, with 1.3440 now the barrier to what looks the

next likely target area around $1.3460-65. As a result, support currently rises

to $1.3385-$1.3355 but only back below $1.3333-$1.3331 will caution at present.