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Trading the range: *RES 4: 1.2866 Low...>

CABLE TECHS
CABLE TECHS: Trading the range:
*RES 4: 1.2866 Low Apr 25
*RES 3: 1.2811/13 55-dma/High May 21
*RES 2: 1.2784 High Jun 25 and key short-term bull trigger
*RES 1: 1.2708 100-hma
*PRICE: 1.2682 @ 09:06 GMT June 28
*SUP 1: 1.2664 Intraday low
*SUP 2: 1.2633 Low Jun 20
*SUP 3: 1.2570 Former trendline resistance, now support
*SUP 4: 1.2543 Low Jun 19
GBPUSD remains locked in narrow range trade, searching for direction. Tuesday's
high of 1.2784 has now been defined as a key near-term resistance. Despite the
recent pullback, technical conditions remain bullish following last week's
trendline breach with momentum studies still in positive territory. A move above
1.2784 would confirm a resumption of the uptrend and open 1.2866 and 1.2923. Key
support for now lies around the June 20 low at 1.2633.

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