• Major resistance – 1.27750
   
• Major support – 1.26000 
   
• Cable forms a temporary top around 1.27750 yesterday and sho9wn a massive selling from that level. It is currently trading around 1.25899.
   
• The pair breaks major support 1.2600 handle and declined till 1.25823 from that level at the time of writing.
   
• Short term trend is bearish as long as resistance 1.27750 holds.
   
• The temporary top formed at 1.27750 (Dec 7th high) will be acting as major trend reversal level. Any break above will take the pair till 1.2800/1.2845.The minor resistance is at 1.2680/1.2700.
   
• On the lower side, any break below 1.26000 will drag the pair down till 1.2550/1.2500.Minor trend reversal only below 1.2300.
  
  It is good to sell on rallies around 1.2600 with SL around 1.2680 for the TP of 1.2500/1.2380