- Major support -1.3000
- Cable breaks major pschycological support at 1.3000 and declined till 1.2966 at the time of writing.
- It is currently trading at 1.30022.
- Short term trend is slightly weak as long as resistance 1.3080 support turned into resistance holds.
- From the current levels, 1.3040 level will be acting as immediate resistance and any break above will take the pair to next level till 1.3080.
- On the lower side 1.2960 seems to be major support and any break below targets 1.2900/1.2850.
- Minor bullishness can be seen only above 1.3200.
It is good to sell on rallies 1.3030 with SL around 1.386 for the TP of 1.2965/1.2850
