Cable holds firm tone on Friday and establishes above 1.3200 handle, extending advance from the previous day on better than expected UK retail sales data.
Fresh bulls eventually penetrated daily cloud (spanned between 1.3214 and 1.3277) and pressure pivotal barriers at 1.3266/77 (Fibo 38.2% of 1.3655/1.3026/cloud top).
Sustained break here would generate bullish signal for push towards key barriers at 1.3320/37 (tops of short-term range, break of which is needed to confirm double-bottom (1.3026/38) and spark further retracement of 1.3655/1.3026 descend.
Broken cloud base marks initial support at 1.3214 which should ideally keep the downside protected. Extension below 1.3188 (daily Kijun-sen/session low) would soften near-term tone.
Res: 1.3266, 1.3277, 1.3298, 1.3320
Sup: 1.3214, 1.3188, 1.3158, 1.3130
