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Tepid Recovery Friday *RES 4: 1.3514....>

CABLE TECHS
CABLE TECHS: Tepid Recovery Friday
*RES 4: 1.3514 High Dec 13
*RES 3:1.3422 High Dec 16
*RES 2: 1.3338 High Dec 17
*RES 1: 1.3134 High Dec 18
*PRICE: 1.3048 @ 16:41 GMT Dec 20
*SUP 1: 1.2990 Low Dec 19
*SUP 2: 1.2983 Low Dec 4
*SUP 3: 1.2944 50-dma
*SUP 4: 1.2905 2.0% 10-dma envelope
Having shed further gains Thursday, GBPUSD inched higher Friday, but the
recovery was insufficient to materially change the outlook. The pullback this
week has resulted in a print below the former key breakout level of 1.3013, Oct
21 high and opens the early December lows at 1.2983 and the 50-dma at 1.2944.
Initial resistance remains at 1.3134, Dec 18 high.

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