Sterling eases further on pessimism over Brexit talks

Cable accelerated lower in European trading on Thursday and cracked key support at 1.2985 (Fibo 61.8% of 1.2865/1.3179 rally / lows of yesterday/last Fri), as the sentiment sours further on rising pessimism over Tory/Labor Brexit talks.
The pair holds in red for the fourth straight day and looks for clear break below 1.2985 Fibo support to attack another key point at 1.2959 (200SMA).
Daily MA’s are turning into negative setup, but momentum is flat on the centerline, while stochastic is about to penetrate oversold territory, which suggests that bears may show stronger hesitation on approach to 200SMA.
Upticks are expected to provide better selling opportunities and need to stay below daily cloud base (1.3077) to maintain bearish bias.
Plethora of broken MA’s within 1.3000/34 zone offers interim barriers.
Daily close below 1.2985 would generate bearish signal which requires confirmation on sustained break below 200SMA that would open way towards key support at 1.2865 (25 Apr low).

Res: 1.3000; 1.3034; 1.3059; 1.3077
Sup: 1.2985; 1.2959; 1.2939; 1.2900