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Upside Focus *RES 4: 1.3328 76.4%.......>

CABLE TECHS
CABLE TECHS: Upside Focus
*RES 4: 1.3328 76.4% retracement of the Dec 13 - Feb 28 decline
*RES 3: 1.3284 High Dec 31
*RES 2: 1.3215 High Feb 3 and key resistance
*RES 1: 1.3200 High Mar 9
*PRICE: 1.3042 @ 06:09 GMT Mar 10
*SUP 1: 1.2947 Low Mar 6
*SUP 2: 1.2861 Low Mar 5
*SUP 3: 1.2726 Low Feb 28 and key support
*SUP 4: 1.2709 200-dma
GBPUSD's current recovery remains in place despite the overnight pullback. Last
week's gains changed the S/T outlook. The breach of an important near-term
resistance at 1.3018, the Feb 25 high on Friday represented an important bullish
break and clears the way for a climb towards 1.3215, Feb 3 high now that 1.3070,
Feb 13 high has also been breached. Bears need a return below 1.2861, Mar 5 low
to suggest the return of a bearish threat.

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