GBPUSD – fresh bullish acceleration eventually broke above daily cloud
Cable regained traction after dipping to cloud base (1.3214) and surged above key barriers at 1.3261/66 (daily cloud top / Fibo 38.2% of 1.3655/1.3026).
Fresh strength and eventual break above daily cloud signals bullish continuation for test of next layer of resistance at 1.3300 zone (upper 20-d Bollinger band / trendline connecting 1.3337/20 tops).
Close above the cloud to confirm and generate bullish signal, as broader longs remain in play and eye 1.3320/37 pivots, break of which would expose next target at 1.3415 (Fibo 61.8% of 1.3655/1.3026 descend).
Stops at daily cloud base should be raised if pair closes above cloud today, with 55SMA (1.3250) marking next significant point.
Res: 1.3294; 1.3309; 1.3320; 1.3337
Sup: 1.3261; 1.3250; 1.3214; 1.3194