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Recovery Faces $1.4151-$1.4167..........>

CABLE TECHS
CABLE TECHS: Recovery Faces $1.4151-$1.4167 Resistance Next
*RES 4: $1.4231 2% volatility band
*RES 3: $1.4209 76.4% Fibo of $1.4346-$1.3765
*RES 2: $1.4167 4 week falling resistance line
*RES 1: $1.4151/58 Feb 5 high, 76.4% of $1.4279-$1.3765
*PRICE: $1.4113 @0945GMT
*SUP 1: $1.4070/80 Hourly support
*SUP 2: $1.4050 Hourly congestion area Feb 15
*SUP 3: $1.4013/23 Hourly low/highs Feb 15
*SUP 4: $1.3921/25 Feb 13 high, hourly high Feb 14
*COMMENTARY* Continues to recover, albeit slower than some so far. Now facing
resistance from the Feb 5 high at $1.4151 and the 76.4% Fibo retrace level at
$1.4158. Probably have to allow for a break of the 4 week falling resistance
line at the slightly higher $1.4167, before the chance of a test to the key
$1.4209-$1.4231 area. In the meantime, some near term overbought conditions see
$1.4080-$1.4050 as support, loss would concern and pressure $1.4023-$1.4013.
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisMarketsForeign Exchange Bullets

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