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Uptrend Gathers Further *RES 4:.........>

CABLE TECHS
CABLE TECHS: Uptrend Gathers Further
*RES 4: 1.3269 High Apr 27
*RES 3: 1.3203 1.618 projection of Sep 3 - Sep 20 rally from Oct 8 low
*RES 2: 1.3196 High Apr 3
*RES 1: 1.3190 High Dec 10
*PRICE: 1.3174 @ 16:30 GMT Dec 10
*SUP 1: 1.3101 Low Dec 6
*SUP 2: 1.3013 High Oct 21 and the former breakout level
*SUP 3: 1.2983 Low Dec 4
*SUP 4: 1.2879 Low Nov 29
GBPUSD remains firm and managed a fresh high print of 1.3190 Tuesday. A bullish
outlook remains in place following last week's strong rally and break of 1.3013,
Oct 21 high. The pair also cleared 1.3130, a Fibonacci projection and attention
is on 1.3196 next, April highs. Note, momentum studies are in overbought
territory however this does not appear to be a threat to bulls at this stage.
1.3013, marks the key support for now.

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