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Cable recovered till 1.5246 and started to decline from that level. It is currently trading at 1.52050.
- Short term trend is still bullish as long as support 1.5130 holds.
- On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360 level.
- Any break below 1.5130 will target 1.5080/1.5050 level.
It is good to buy at dips around 1.5170 with SL around 1.5130 for the TP of 1.5230/1.5260
