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Watching The Directional Triggers.......>

CABLE TECHS
CABLE TECHS: Watching The Directional Triggers
*RES 4: 1.2516 High May 4
*RES 3: 1.2467 High May 20 and key resistance
*RES 2: 1.2373 50-day EMA
*RES 1: 1.2363 High May 13
*PRICE: 1.2339 @ 05:50 BST May 29
*SUP 1: 1.2162 Low May 22
*SUP 2: 1.2076 Low May 18 and bear trigger
*SUP 3: 1.2030 50% retracement of the Mar 20 - Apr 14 rally
*SUP 4: 1.2000 Round number support
Cable is consolidating. The focus is on resistance 1.2363, May 26 high where a
break is required to suggest scope for a stronger intraday recovery. This would
open 1.2467, May 8 high. If the pair turns lower from here though, the recent
bearish focus will come back into play, but bears need to take out support at
1.2162, May 22 low to strengthen this. A break would open 1.2076, May 18 low. To
conclude, the current key directional triggers are 1.2363 and 1.2162.

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