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- Cable has once again recovered after making a low of 1.46359. Short term trend is still bullish as long as support 1.4600 holds.
- Minor weakness can be seen only below 1.4600 and any indicative break below 1.4600 will drag the pair down till 1.4550/1.4480 level.
- On the higher side minor resistance is around 1.4740 and any break above targets 1.4770/1.4780 (200 day MA).Cable should close above 200 day MA for further up move and any indicative break above will take the pair till 1.48500/1.4900 in short term.
It is good to buy at dips around 1.4665 with SL around 1.4600 for the TP of 1.4740/1.4780
