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Under Pressure *RES 4: 1.2503 High......>

CABLE TECHS
CABLE TECHS: Under Pressure
*RES 4: 1.2503 High Sep 24
*RES 3: 1.2420 100-day MA
*RES 2: 1.2413 High Oct 3
*RES 1: 1.2357 High Oct 4
*PRICE: 1.2215 @ 04:16 GMT Oct 9
*SUP 1: 1.2195 Low Oct 8
*SUP 2: 1.2181 1.0% 10-dma envelope
*SUP 3: 1.2106 76.4% Sep 3 - Sep 20 rise
*SUP 4: 1.2079 Low Sep 4
GBPUSD traded lower yesterday making light work of the 50-dma support as dire
Brexit news weighed on Sterling. The sell-off threatens the modestly positive
outlook with the 1.2197 Fibonacci retracement under pressure too. An extension
lower would open the 10-dma envelope support at 1.2181 and the low 1.2100's. For
bulls to regain control, upside targets have shifted to 1.2357 and 1.2413 and
need to be cleared to expose 1.2582. Heavy for now.

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