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Trendline resistance intact: *RES 4:....>

CABLE TECHS: Trendline resistance intact:
*RES 4: 1.2630 61.8% retracement of the decline between Jun 25-Jul 17
*RES 3: 1.2582 High Jul 15
*RES 2: 1.2558 High Jul 18
*RES 1: 1.2528 Trendline resistance drawn off the May 6 high
*PRICE: 1.2447 @ 04:12 GMT July 26
*SUP 1: 1.2418 Low Jul 23
*SUP 2: 1.2382 Low Jul 17 / Multi-year low
*SUP 3: 1.2352/51 1.618% swing of 1.2440-1.2582 / April 2017 low
*SUP 4: 1.2300 Round number support
GBPUSD remains within its longer-term downtrend which exposes key support at
1.2382, the low of Jul 17. A break here would confirm a resumption of the
downtrend and extend the price sequence of lower lows and lower highs and, open
1.2352. Bulls need to recover 1.2558, before challenging 1.2582, the high of Jul
15. A break above this area is required to signal a reversal. This would also
result in a trendline break drawn off the May 6 high and currently at 1.2528.

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