Cable remains under pressure in the American session and cracked daily cloud top which marks solid support at 1.3276.
Weakening near-term studies favor firm break through cloud top (cloud is spanned between 1.3276 and 1.3214) and test of next significant support at 1.3260 (converged 10/55SMA’s). Daily techs show further room for extended pullback with break below 1.3260 to risk test of cloud base (1.3214) reinforced by daily Kijun-sen).
The latter is required to contain extended correction and keep in play fresh upside attempts as 1.3415 Fibo barrier still acts as valid target.
Res: 1.3276; 1.3300; 1.3357; 1.3382
Sup: 1.3260; 1.3214; 1.3203; 1.3185
