Cable is consolidating under new nearly five-month high at 1.3013, posted on Wednesday's initial probe through psychological 1.30 barrier. Today's action so far showed shallow dip, keeping immediate focus at 1.3017 Fibo barrier (76.4% of 1.3514/1.1409), but overbought daily techs continue to warn. Bids are seen at 1.2915/1.2887 (rising 5DMA / Fibo 23.6% of 1.2479/1.3013), with deeper pullback to find footstep above 1.2813/00 zone (former high / Fibo 38.2% / rising 10DMA) to keep bulls intact. Firm break above 1.3000/17 pivots would open way towards targets at 1.3199 (9 Mar high) and 1.3209 (2020 high, posted on 31 Jan). Only break below 1.2800 would sideline bulls and signal deeper pullback.

Res: 1.3000; 1.3017; 1.3050; 1.3100
Sup: 1.2944; 1.2915; 1.2887; 1.2813



Interested in GBP/USD technicals? Check out the key levels

    1. R3 1.3138
    2. R2 1.3076
    3. R1 1.3036
  1. PP 1.2974
    1. S1 1.2935
    2. S2 1.2873
    3. S3 1.2833


The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.

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