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Still In A Corrective Mode *RES 4:......>

CABLE TECHS
CABLE TECHS: Still In A Corrective Mode
*RES 4: 1.3080 High May 8
*RES 3: 1.3045 76.4% retracement of Mar 13 - Sep 3 decline
*RES 2: 1.3013 High Oct 21
*RES 1: 1.2950 High Oct 24
*PRICE: 1.2836 @ 15:46 GMT Oct 25
*SUP 1: 1.2789 Low Oct 24
*SUP 2: 1.2750/15 Low Oct 17 / 200-DMA
*SUP 3: 1.2603 Low Oct 15
*SUP 4: 1.2516 Low Oct 14
GBPUSD had a relatively sanguine Friday session. The pullback this week, is
being viewed as a correction. From a trend perspective, the outlook is bullish
with the upside trigger at 1.3013, Oct 21 high. It is however possible we'll
continue to see a deeper correction unfold before bullish activity resumes as
the recent uptrend has been steep. Support is seen around 1.2715, the 200-DMA
and 1.2603, Oct 15 low.

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