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- Cable has made a high of 1.43626 and started to decline from that level. It is currently trading at 1.42750.
- Short term trend is weak as long as resistance 1.4365 holds. Any break above 1.4365 will take the till 1.4400/1.4500 level.
- The pair's upside is capped at 1.43300 (cloud top) and break above 1.4330 will take the pair till 1.4362 (22nd Jan high)/1.4450 (cloud bottom).
- Overall bearish invalidation only above 1.4500.
- On the lower side minor support is around 1.4250 and break below targets 1.4200/1.4120/1.4070.
It is good to sell on rallies around 1.4300-.4305 with SL around 1.4365 for the TP of 1.4200/1.4120
