• Cable retreats after hitting high of 1.29572 on account of stronger headline CPI data. U.K CPI came at 0.5% compared to forecast of 0.4%. The pair broken the minor support at 1.2900 and declined till 1.28780.
   
• Cable major support is around 1.2830 low made on May 5th, 2017 and any break below will drag the pair down till 1.27800 (23.6% retracement of 1.2108 and 1.2987)/1.2720 (200- 4H MA).
   
• On the higher side, major resistance is around 1.3000 and any break above confirms bullish continuation. Any break above will take the pair till 1.3050/1.3088 in the short term. The minor resistance is around 1.2960.
  
  It is good to sell on rallies around 1.29000 with SL around 1.2960 for the TP of 1.2830/1.2780.