Rally Falters Ahead Of $1.4368 Fibo.....>

CABLE TECHS: Rally Falters Ahead Of $1.4368 Fibo Level

*RES 4: $1.4368 61.8% Fibo of $1.5932-$1.1838

*RES 3: $1.4346 Jan 25 high

*RES 2: $1.4287 Intraday high

*RES 1: $1.4255 Hourly resistance

*PRICE: $1.4185 @1603GMT

*SUP 1: $1.4148 Intraday low

*SUP 2: $1.4130 Hourly base Jan 24

*SUP 3: $1.4083 Jan 25 low

*SUP 4: $1.4024/28 Equality fall from $1.4287, Jan 23 high

*COMMENTARY* As suggested yesterday, the overstepping of the the upper 2%

volatility band, at $1.4265 by time today, is never a long lasting scenario, so

always cautious when it happens. The subsequent fall from $1.4346-$1.4083 is

perhaps the first warning of some heavily overbought conditions. Meanwhile,

$1.4255-$1.4287 in the way of a $1.4346-$1.4368 rise. Above which not much until

$1.4505-$1.4515. Support 1.4130, back below the latter would concern.