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Free AccessRemains Capped Ahead Of 200-WMA *RES....>
CABLE TECHS: Remains Capped Ahead Of 200-WMA
*RES 4: $1.4286 High Jan 26
*RES 3: $1.4243 200-WMA, Monthly High Mar 27
*RES 2: $1.4238 Bollinger band top
*RES 1: $1.4222 High Apr 11
*PRICE: $1.4180 @ 0430GMT
*SUP 1: $1.4145 Hourly support Apr 10
*SUP 2: $1.4104 High Apr 6 now support
*SUP 3: $1.4068 Hourly support Apr 6
*SUP 4: $1.4026 Hourly resistance Apr 6 now support
*COMMENTARY: The pair failed to gain traction below the 55-DMA ($1.4003) last
week despite dips below and has worked its way back towards the 200-WMA and the
$1.4243-1.4349 resistance as a while. Bulls need a weekly close above this
region to target $1.5018 2016 highs. Bears now need a close below $1.4104 to
ease bullish pressure and target a correction back to the $1.3873-1.3963 support
region.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.