The cable is approaching to test resistance level at 1.5651. A breakout at the said resistance level will unleash a strong bullish momentum which may pull it all the way towards 1.6725 (23.6% Retracement Level).
Pull back in the range of 1.5620 should be viewed as advantage for buying opportunities.
To the upside, the strong resistance can be seen at 1.5650 (23.6% Retracement Level), a break above this level would expose to cable to next resistance level at (July 31st high).
To the downside immediate support can be seen at S1: 1.5620 (Aug 17th lows), a break below at this level will open the door towards next level at 1.5611 (61.8% Retracement Level).
Recommendation: Go long above 1.5620, targets 1.5650, 1.5680, SL 1.5490
Resistance Levels
R1: 1.5650 (23.6% Retracement Level)
R2: 1.5660 (Aug 14th high)
R3: Anchor1.5725 (July 31st high)
Support Levels
S1: 1.5620 (Aug 17th lows)
S2: Anchor1.5611 (50% Retracement Level)
S3: 1.5591 (61.8% Retracement Level)


FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD extends fall, vulnerable to more downside
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD bounce extends on Trump pivot, Ukraine deal hopes.
FxWirePro- Woodies Pivot
FxWirePro- Major Crypto levels and bias summary
USD/CHF Pares Gains After 4.4% GDP Blowout: Sell Rallies to 0.7860 Target
FxWirePro:GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends fall, eyes 1.3700 level
AUDJPY Dips Met With Buyers: Bullish While 107 Holds Firm
FxWirePro: AUD/USD bulls undeterred, eyes 0.6900 level
Narrow Range Drama in EUR/GBP: Bullish Bias Intact Above 0.8645
FxWirePro: NZD/USD retreats slightly but trend is still bullish
EURJPY Dips Bought Aggressively — Bulls in Control Above 184
FxWirePro: GBP/AUD gains some upside momentum but still bearish 



