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Recovery Pauses, but Still Well Off.....>

CABLE TECHS
CABLE TECHS: Recovery Pauses, but Still Well Off Friday Low
*RES 4: 1.2912 High Mar 11
*RES 3: 1.2849 High Mar 12
*RES 2: 1.2813 High Jun 10 and the bull trigger
*RES 1: 1.2755 High Jun 11
*PRICE: 1.2606 @ 17:42 BST Jun 16
*SUP 1: 1.2553 Intraday low
*SUP 2: 1.2455 Low Jun 15
*SUP 3: 1.2322 Low Jun 1
*SUP 4: 1.2250 76.4% retracement of the May 18 - Jun 10 rally
GBPUSD traded below 1.2501, Jun 4 low on Friday to place on pause the recent
bullish outlook. However the pair has managed a recovery, for now at least, off
Friday's low. Last week's move lower highlights a near-term bearish risk. A
break of 1.2455, Monday's low would signal scope for 1.2322, Jun 1 low. On the
upside, key resistance is at 1.2813, Jun 10 high. A break would instead confirm
a resumption of the up-trend.

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