Cable – fresh weakness pressures daily cloud base

Cable was lower in Asian session after daily cloud top capped upside attempts and fresh strength of the US dollar increased pressure on Sterling.
Fresh weakness is eyeing key supports at 1.2851/48 (daily cloud base / Fibo 61.8% of 1.2588/1.3268 rally), break of which is expected to generate stronger bearish signal for resumption of broader downtrend from 1.3268 (03 Aug peak) which has been paused for 1.2917/1.2831 consolidation in recent days.

Res: 1.2877; 1.2908; 1.2917; 1.2928
Sup: 1.2850; 1.2831; 1.2811; 1.2749