Fresh bullish acceleration clearly breaks above 200SMA; cable on track for the biggest weekly gains since Sep 2017

Cable accelerated to 11-week high in early American session trading on Friday and cracked key Fibo barrier at 1.3153 (38.2% of 1.4376/1.2397 Apr/Jan fall), boosted by renewed Brexit optimism and weaker dollar across the board.
Fresh rally is likely to close above 200SMA pivot, as bulls cracked 100WMA (1.3168) in extension and being on track for the biggest weekly gains since early Sep 2017.
Immediate target at 1.3174 (7 Nov high) is under strong pressure, with break higher in improved sentiment, expected to result in extension towards 1.3299 (20 Sep 2018 high).
The near-term action needs to hold above 200SMA to maintain bullish stance.

Res: 1.3174; 1.3257; 1.3299; 1.3386
Sup: 1.3138; 1.3094; 1.3058; 1.3012