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- Major resistance- 1.4360 (trend line joining 1.4500 and 1.44360)
- Cable has made a high of 1.43387 at the time of writing and started to decline from that level. It is currently trading around 1.43144.
- Short term trend is slightly bearish as long as resistance 1.4360 holds.
- Any upside violation above 1.4360 will take the pair till 1.4400/1.4430/1.4460 level.
- On the lower side major support is around 1.4280 and break below targets 1.4240/1.4170/1.4100 level.
- The pair should close above 1.4500 for further upside.
It is good to sell on rallies around 1.4360 with SL around 1.4400 for the TP of 1.4280/1.4240
