Cable accelerated lower in early Thursday’s trading as hawkish Fed inflated dollar and put its major counterparts under pressure. Near-term structure weakened after recovery of last Friday’s strong fall stalled at 1.3217 on Wednesday, and subsequent fall risks extension towards key support at 1.3054 (daily cloud top / Fibo 38.2% of 1.2661/1.3297 / 21 Sep trough). Firm break here would generate bearish signal for deeper correction of 1.2661/1.3297 ascend. Weakening momentum studies on daily chart support scenario.
Res: 1.3145, 1.3180, 1.3217, 1.3276
Sup: 1.3107, 1.3094, 1.3054, 1.3000
