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: AUD/ USD strongly bearish despite upside attempts
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 



