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Under Pressure *RES 4: 1.3588 2.236.....>

CABLE TECHS
CABLE TECHS: Under Pressure
*RES 4: 1.3588 2.236 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 3: 1.3514 High Dec 13
*RES 2: 1.3422 High Dec 16
*RES 1: 1.3338 Intraday high
*PRICE: 1.3208 @ 10:16 GMT Dec 17
*SUP 1: 1.3156 Intraday low
*SUP 2: 1.3051 Low Dec 12 and key support
*SUP 3: 1.3013 High Oct 21 and former breakout point
*SUP 4: 1.2983 Low Dec 4
GBPUSD is under pressure this morning. The underlying trend remains bullish for
now at least, despite the pullback today. Levels around 1.3170 are seen as a key
support zone and it is possible today's move lower is oversold. If bullish
conditions are to hold going forward, levels around 1.3170/50 need to remain
intact as they have done thus far today. A failure would undermine last weeks
rally and risk a setback towards 1.3051. First resistance is 1.3338.

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