Retreats After Move Toward Next.........>

CABLE TECHS: Retreats After Move Toward Next $1.3997-$1.4029 Target Zone

*RES 4: $1.4104 61.8% Fibo of $1.4346-$1.3712

*RES 3: $1.4070 Feb 26 high

*RES 2: $1.4021/29 1.618 swing $1.3930-$1.3782, 50% Fibo 

*RES 1: $1.3997/00 Feb 27 high, equality rise from $1.3782

*PRICE: $1.3956 @0843GMT

*SUP 1: $1.3905/20 Hourly support

*SUP 2: $1.3875 Mar 13 low

*SUP 3: $1.3841 Mar 12 low, hourly base Mar 9

*SUP 4: $1.3817 Mar 6 low

*COMMENTARY* $1.3928-$1.3930 resistance capped last week and subsequently bowed

to some pressure from overbought hourly conditions. This saw $1.3847-$1.3817

support give way, although the fall remained above the key $1.3763-$1.3756 area.

Meanwhile, with yesterday's move back above the congested $1.3913-$1.3954 area,

this now sees $1.3997-$1.4000 as next resistance, ahead of the potential

$1.4021-$1.4029 target area. Support now $1.3920-$1.3905.