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Fresh advance on legal opinion on Brexit improves sentiment but pivotal 1.2850 resistance zone is still intact

Cable stands at the front foot just ahead of start of the US session on Tuesday, as the pair accelerated higher in European trading on legal opinion from the European Court of Justice that the UK should be allowed to revoke Article 50 unilaterally and stop divorce process from the EU.
Fresh recovery extension after three-day bears were strongly rejected at key 1.2695 support, nearly fully retraced 1.2850/1.2695 bear-leg and shows scope for further advance, as the latest news improved the sentiment.
Strengthening bullish momentum underpins the action, which has the long way ahead to generate stronger reversal signal.
Fresh bulls need to clear initial barriers at 1.2850/57 (current congestion tops / falling 20SMA) to unmask pivot at 1.2880 (Fibo 38.2% of 1.3174/1.2698), close above which would spark stronger recovery and generate initial basing signal, if sterling manages to capitalize from the latest news.
Broken 10SMA marks initial support at 1.2790, close below which would weaken near-term structure and turn bias negative.

Res: 1.2810; 1.2839; 1.2850; 1.2880
Sup: 1.2790; 1.2777; 1.2725; 1.2695