• Cable forms a temporary top around 1.29035 and showing a minor dip from the high. The pair declined till 1.27549 and is currently trading around 1.280105 0.03% higher. On the lower side, the pair downside capped by 5- day MA at 1.2750 and any break below will drag the pair down till 1.2710 (23.6% retracement of 1.29035 and 1.21088)/1.2625 (200 –day MA).
   
• Any break above the high made on Apr 18th 2017 will take the pair till 1.3000.
   
• Short term bullish invalidation only below 1.23500.
  
  It is good to buy on dips around 1.2760 with SL around 1.2700 for the TP of 1.2900/1.2945