Cable broke above 1.3415 target
Fresh bullish acceleration in early European trading surged through target at 1.3415 (Fibo 61.8% of 1.3655/1.3026 descend) and generated strong signal of bullish continuation after the price was congested in past few sessions.
Fresh rally comes after multiple downside attempts were contained by daily cloud top and action underpinned by daily techs in full bullish mode.
Break and close above 1.3415 will be strong bullish signal for extension towards 1.3506 (Fibo 76.4%), with key barrier at 1.3655 (2017 high, posted on 20 Sep) expected to come in focus.
Stops are raised to 1.3300 (broken trendline).
Res: 1.3506; 1.3570; 1.3600; 1.3655
Sup: 1.3415; 1.3385; 1.3337; 1.3335