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Corrective dips to precede fresh upside

Cable eased from the session high at 1.3213 as probe through pivotal barrier at 1.3208 (Fibo 61.8% of 1.3362/1.2957 failed at the initial attempt.
Brexit talks are to resume with UK PM May retaking control of Brexit which could supportive factor for sterling.
Scope is seen for 1.32+ gains in renewed attempt which could result in extension towards 1.3267/80 (Fibo 76.4% / falling 55SMA) and possible attack at 1.3300 (base of falling thick daily cloud) but corrective dips may precede fresh advance as momentum is weak.
Bull-cross of 5/10SMA’s (1.3140) underpins and should ideally contain dips to keep bulls intact.
Conversely, close below 10SMA would generate bearish signal and risk further easing.

Res: 1.3213; 1.3267; 1.3280; 1.3300
Sup: 1.3174; 1.3140; 1.3112; 1.3071