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FxWirePro- Woodies pivot (Major) 
- Major resistance- 1.2998 (5- day MA).
- Major intraday support – 1.2900.
- Cable has recovered sharply from the low of 1.2149 made on Friday. It is currently trading around 1.29388.
- On the higher side, major resistance is around 1.3000 (5- day MA)and any break above will take the pair to next level till 1.3053 (7- day EMA)/ 1.3106 (10- day MA).
- In the daily chart, the pair is trading well below 10-day MA and 5-day MA.Short term bullishness only above 1.3100.
- Cable’s support stands at 1.2900 and any violation below will drag the pair down till 1.2865/1.2820.
It is good to sell on rallies around 1.2980-85 with SL around 1.3055 for the TP of 1.2900/1.2865.
