Cable cracked psychological 1.2600 on fresh strength from correction low at 1.2548, hit in Asia, after Monday’s rally stalled at 1.2594.
The pair extends rally from 1.2500 higher base and pressures targets at 1.2613 (27 Mar high) and 1.2620 (200SMA / bear-trendline connecting 06 Dec/ 02 Feb tops).
Technical studies are bullish on all timeframes and favor final break above 1.2613/20 pivots for extension towards 1.2704 (02 Feb high).
Overbought slow stochastic on daily chart suggests consolidation, but without firmer bearish signals for now.
Session low at 1.2548 marks initial support ahead of Monday’s low at 1.2521 and higher base at 1.2500, reinforced by 10/20SMA bull-cross at 1.2488.
Res: 1.2605, 1.2613, 1.2620, 1.2671
Sup: 1.2548, 1.2521, 1.2500, 1.2488
