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Trend Remains Bullish *RES 3: 1.3311....>

CABLE TECHS
CABLE TECHS: Trend Remains Bullish
*RES 3: 1.3311 High Mar 19
*RES 2: 1.3269 High Apr 27
*RES 1: 1.3229 Intraday high
*PRICE: 1.3135 @ 17:15 GMT Dec 12
*SUP 1: 1.3101 Low Dec 6
*SUP 2: 1.3013 High Oct 21 and the former breakout level
*SUP 3: 1.2983 Low Dec 4
It's election day and GBPUSD played the range and held the firm uptrend. The
pair managed to recoup effectively all the most recent losses and has today
registered a fresh high print at 1.3229 before fading slightly. With trend
conditions still bullish, scope is seen for a climb towards 1.3269 next, Apr 27
high. Activity is at risk of being more volatile over the next 24-hrs given the
election and once the results of the election become clear. Initial support is
at 1.3101, key support is 1.3013.

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