Morning Report

The Cable continues its attempts to breach the pivot resistance at 1.6515, as we see in the image above, where we see the formation of an ascending triangle supporting our overview to continue the short term uptrend. Initial targets are at 1.6740, as far as 1.6375 is intact.

The trading range for today is among the key support at 1.6260 and the key resistance at 1.6740

The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7100

RecommendationBased on the charts and explanations above, our opinion is buying the pair with the breach of 1.6515 to 1.6660 and stop loss below1.6425 might be appropriate.