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Weak to weaker: *RES 3: 1.2506..........>

CABLE TECHS
CABLE TECHS: Weak to weaker:
*RES 3: 1.2506 Trendline resistance drawn off the May 6 high
*RES 2: 1.2460 High Jul 26
*RES 1: 1.2382 Low Jul 17
*PRICE: 1.2153 @ 15:25 GMT July 30
*SUP 1: 1.2110 Mar 14 2017 low
*SUP 2: 1.2071 Bear channel base drawn off the high of May 6
*SUP 3: 1.2000 Psychological round number
Cable hit fresh cycle lows of 1.2119 in early Europe, with No Deal
Brexit-inspired weakness extending. The impulsive sell-off has confirmed an
aggressive resumption of the downtrend with the most significant recent
technical break being the move below the Jan 3 low of 1.2441. With 1.2200
cleared, the focus shifts to 1.2110 next. Note a bear channel base lies at
1.2071, marking a possible near-term support. The channel is drawn off the May 6
high. Resistance is at 1.2382.

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