Bulls head towards 1.40 barrier, boosted by UK vaccination news

Cable rose further on Monday, probing above 1.39 mark and hitting new highest since April 2018.
Strong bullish sentiment was boosted by the news that UK target of 15 million vaccinated that improves the outlook for recovery of British economy, devastated by coronavirus pandemic.
Bulls do not show signs of fatigue and keep near-term focus at the upside, with initial target at 1.3951 (Fibo 200% projection of the bull-leg from 1.3565) guarding psychological 1.40 barrier, break of which would expose 1.4090 (monthly cloud top) and 1.4138 (100MMA).
Monday’s session low (1.3849) offers initial support, reinforced by 5DMA, with rising 10DMA (1.3768) which tracks the latest bull-leg, expected to keep the downside protected.

Res: 1.3913; 1.3951; 1.4000; 1.4090
Sup: 1.3849; 1.3800; 1.3768; 1.3727