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Still Heavy Following Breach Of Key.....>

CABLE TECHS
CABLE TECHS: Still Heavy Following Breach Of Key Support
*RES 4: 1.3130 High Mar 10
*RES 3: 1.2977 High Mar 11
*RES 2: 1.2849 High Mar 12
*RES 1: 1.2726 Low Feb 28 and yesterday's breakout level
*PRICE: 1.2607 @ 09:46 GMT Mar 13
*SUP 1: 1.2491 Low Mar 12
*SUP 2: 1.2409 Low Oct 11
*SUP 3: 1.2326 76.4% retracement of the Sep - Dec rally
*SUP 4:1.2195 Low Oct 8, 2019
GBPUSD also suffered sharp losses yesterday clearing key support at 1.2726, Feb
28 low. This confirms a resumption of the move lower that has been in place
since the pair peaked at 1.3514 on Dec 13. The break paves the way for weakness
towards 1.2409 next, the Oct 11 low and the 1.2326 Fibonacci retracement. On the
upside, the breakout level at 1.2726 is now seen as a firm near-term resistance.

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