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Remarkable Move *RES 4: 1.2726 Low......>

CABLE TECHS
CABLE TECHS: Remarkable Move
*RES 4: 1.2726 Low Feb 28 and recent breakout level
*RES 3: 1.2624 High Feb 13
*RES 2: 1.2425 High Mar 16
*RES 1: 1.2273 High Mar 17
*PRICE: 1.1614 @ 17:48 GMT Mar 18
*SUP 1: 1.1453 Intraday and multi-decade low
*SUP 2: 1.1355 Mar 19 1985 level
*SUP 3: 1.1233 4.0% Lower Bollinger Band
*SUP 4: 1.1060 Mar 18 1985 level
A jaw-dropping move in GBPUSD rivalled only by the day of the EU referendum blew
out all support levels in the pair on the way through to multi-decade lows of
1.1453. Charts have to scroll all the way back to 1985 and the same quarter that
saw the alltime low in GBPUSD at 1.0520. There was a considerable intraday
bounce off the lows, but much more will be needed before anything turns bullish.

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