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.