- Major resistance - 1.4400 (55 day EMA)
- Major support - 1.4345 (3 day EMA)
- The pair has made a high of 1.44363 and slightly retreated from that level. It is currently trading around 1.43810.
- Cable is facing strong resistance around 1.4400 and any close above 1.4400 will take the pair to next level till 1.4500/1.4580 ins short term.
- Minor support is around 1.4345 and break below targets 1.4300/1.4270 level.
- Overall bullish invalidation only below 1.4100 level.
It is good to buy above 1.4400 with SL around 1.4345 for the TP of 1.4500/1.4580
