Post-Fed weakness risks test of key support at 1.3054

Cable accelerated lower in early Thursday’s trading as hawkish Fed inflated dollar and put its major counterparts under pressure.
Near-term structure weakened after recovery of last Friday’s strong fall stalled at 1.3217 on Wednesday, and subsequent fall risks extension towards key support at 1.3054 (daily cloud top / Fibo 38.2% of 1.2661/1.3297 / 21 Sep trough).
Firm break here would generate bearish signal for deeper correction of 1.2661/1.3297 ascend.
Weakening momentum studies on daily chart support scenario.

Res: 1.3145; 1.3180; 1.3217; 1.3276
Sup: 1.3107; 1.3094; 1.3054; 1.3000