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Trying To Find Support *RES 4:..........>

CABLE TECHS
CABLE TECHS: Trying To Find Support
*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: 1.3173 High Jan 24
*RES 1: 1.3105 High Jan 27
*PRICE: 1.3022 @ 10:23 GMT Jan 30
*SUP 1: 1.2955 Low Jan 14
*SUP 2: 1.2938/05 Trendline support drawn off the Sep 3 low / Low Dec 23
*SUP 3: 1.2824 Low Nov 22
*SUP 4: 1.2769 Low Nov 8
GBPUSD is unchanged and holding above Tuesday's low. Last week's gains stalled
at 1.3173 on Jan 24, Despite the recent pullback the S/T focus is on the
potential bullish significance of the recent break of 1.3118, Jan 17 high. A
rebound would see bulls target 1.3212 next ahead of the 1.3281 Fibonacci
resistance area. A reversal lower remains a possibility though. The initial
trigger for weakness is 1.2955, the Jan 14 low. Trendline support is at 1.2938.

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