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CABLE TECHS: Supports cleared:
*RES 4: 1.2735 200-dma
*RES 3: 1.2670 50% retracement of the Mar 13 - Sep 3 decline
*RES 2: 1.2582 High Sep 20 / High Jul 15 and bull trigger
*RES 1: 1.2503 High Sep 24
*PRICE: 1.2333 @ 08:13 GMT Sep 26
*SUP 1: 1.2332 Intraday Low
*SUP 2: 1.2327 Low Sep 13
*SUP 3:1.2284/74 Low Sep 12 / 50-dma
*SUP 4:1.2234/10 Low Sep 9 and Sep 5
GBPUSD traded lower yesterday clearing support at 1.2393, Sep 17 low. The
outlook for now is bearish and attention turns to 1.2284, Sep 12 low and the
50-dma at 1.2274. Broader trend signals have yet to turn bearish and while the
risk for now is down, there remains a strong possibility the current pullback is
merely a correction. Bulls need to re-take Monday's 1.2503 high to open the key
resistance at 1.2582, Sep 20 high.