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Tepid recovery: *RES 3: 1.2483..........>

CABLE TECHS
CABLE TECHS: Tepid recovery:
*RES 3: 1.2483 Trendline resistance drawn off the May 6 high
*RES 2: 1.2460 High Jul 26
*RES 1: 1.2382 Low Jul 17
*PRICE: 1.2144 @ 15:35 GMT Aug 01
*SUP 1: 1.2080 Intraday/cycle low
*SUP 2: 1.2049 Bear channel base drawn off the high of May 6
*SUP 3: 1.2000 Psychological round number
The pair edged down to 1.2080 Thursday, marking fresh cycle lows for the pair,
before staging a (very) minor recovery. This keeps the overarching downtrend in
tact, with post-referendum lows of 1.1841 still on the cards. Markets may find
some support has resumed, with any clean break through the aforementioned figure
set to open the bear channel base at 1.2049. The channel is drawn off the May 6
high. First resistance lies at 1.2382.

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