The cable falls back from its Friday’s closing around 1.3180
Not only Friday’s high near 1.3180 but late-March and early-April tops surrounding 1.3200 could also limit the pair’s immediate upside, a break of which can accelerate recent upside to January month high near 1.3220 and then to 1.3280 resistances.
Meanwhile, 1.3120 and 50-day simple moving average (SMA) at 1.3110 can offer nearby support ahead of 1.3080, 1.3030 and 100-day SMA near 1.2990.
Meanwhile, 1.3120 and 50-day simple moving average (SMA) at 1.3110 can offer nearby support ahead of 1.3080, 1.3030 and 100-day SMA near 1.2990.
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