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

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.