Cable hit new three-week high at 1.3350 in European trading on Monday, in fresh bullish acceleration after Brexit minister Davis resigned.
The pair started week with gap-higher opening on Monday, driven by news from the UK as well as weaker dollar, disappointed by US jobs data on Friday.
The latest news further boosted existing bullish sentiment, with growing bullish momentum and overall bullish techs underpinning the rally.
Bulls probe above top of rising weekly cloud (1.3330), eyeing next strong obstacles at 1.3404 (falling 55SMA) and 1.3410 (base of thick daily cloud), violation of which would expose key barrier at 1.3472 (07 June high).
Broken daily Kijun-sen (1.3260) should keep the downside protected and guard pivotal support at 1.3200 (rising daily Tenkan-sen).
Res: 1.3350, 1.3404, 1.3410, 1.3472
Sup: 1.3284, 1.3260, 1.3233, 1.3200
