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Trendline Support Snaps *RES 4:.........>

CABLE TECHS
CABLE TECHS: Trendline Support Snaps
*RES 4: 1.3281/84 61.8% of the Dec 13 - Dec 23 decline / Dec 31 high
*RES 3: 1.3212 High Jan 7
*RES 2: 1.3215 High Feb 3 and key S/T resistance
*RES 1: 1.3070 High Feb 5
*PRICE: 1.2934 @ 16:43 GMT Feb 6
*SUP 1: 1.2923 Low Feb 6
*SUP 2: 1.2905 Low Dec 23
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
Bears were successful in pressuring GBPUSD through trendline support Thursday,
prompting fresh 2020 lows. The 100-dma cuts under this week's price action at
1.2895, which will adds to the importance of holding above 1.29 for those
looking for a recovery. Key resistance remains at 1.3215, Monday's high.

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