Support - 1.4441, 1. 44 , 1.4344
Cable's retreat from European session high of 1.4524 on the back of a weaker rebound in UK core CPI followed by an upbeat US data** has increased risk of the pair falling to 1.4441 - 1.4432 (hourly 200-MA) level.
An hourly closing below 1.4432 (hourly 200-MA) would shift risk in favor of the pair testing sub 1. 44 levels.
Bears should watch put for a rebound from 1.4441-1.4432 as that could translate into a fresh attempt at 1.4533-1.4549 .
**US Data - Consumer prices increased 0.4 percent in April, the biggest gains since February 2013 , following a 0.1 percent advance in March.
Bank of Atlanta's wage growth tracker shows US worker is enjoying their highest wage growth since 2009