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BLOCK, 5Y Buy

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Still Soft: *RES 4: 1.2670 50%..........>

CABLE TECHS
CABLE TECHS: Still Soft:
*RES 4: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 3: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 2: 1.2503 High Sep 24
*RES 1: 1.2381 High Sep 26
*PRICE: 1.2308 @ 08:24 GMT Sep 30
*SUP 1: 1.2271 Low Sep 27 and 50.0% of Sep 3 - Sep 20 rally
*SUP 2: 1.2262 50-dma
*SUP 3: 1.2234/10 Low Sep 9 and Sep 5
*SUP 4: 1.2197 61.8% Sep 3 - Sep 20 rise
GBPUSD retreated further Friday testing the 50% Fibonacci retracement of Sep 3 -
Sep 20 rally at 1.2271. Attention is also on the 50-dma at 1.2266. A break of
these two supports would open a deeper correction towards the 1.2197, the 61.8%
retracement. If the current move lower is still a correction, prices ideally
should find support ahead of the 61.8% retracement. A move above initial
resistance at 1.2381, Sep 26 high would be encouraging for bulls.
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