Cable remains in red for the third day and probing below strong support at 1.2911 (daily cloud top) on extension of reversal from 1.3029 peak. Bearish near-term studies favor further weakness, with firm break below cloud top to open a cluster of supports below, starting with converged 10/55SMA’s/Fibo 38.2% of 1.2588/1.3029 at 1.2861, 30 SMA at 1.2831 and pivotal 1.2800 support zone (daily Kijun-sen/20SMA/50% retracement). Falling and widening hourly cloud (spanned between 1.2956/75) is maintaining near-term pressure and expected to cap corrective attempts.
Res: 1.2947, 1.2956, 1.2975, 1.3000
Sup: 1.2861, 1.2852, 1.2831, 1.2809
