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Stuck Between 1.3013 and 1.2769 *RES....>

CABLE TECHS: Stuck Between 1.3013 and 1.2769
*RES 4: 1.3130 1.50 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3048 High May 10
*RES 2: 1.3013 High Oct 21 and bull trigger
*RES 1: 1.2985 High Nov 18
*PRICE: 1.2871 @ 10:27 GMT Nov 22
*SUP 1: 1.2816 Low Nov 12
*SUP 2: 1.2769 Low Nov 8 and bear trigger
*SUP 3: 1.2705 200-day MA
*SUP 4: 1.2658 Low Oct 16
The GBPUSD focus recently has been on the potential bullish implications of
Monday's breach of resistance at 1.2921, a trendline drawn off the Oct 21 high.
Price action since the break though has not been encouraging for bulls. A
continued failure to hold onto any gains would instead expose the key support at
1.2769, Nov 8 low. The key bull trigger is 1.3013, Oct 21 high. A break of
either 1.3013 or 1.2769 is required to provide a clearer directional signal.

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