- Cable has broken major support 1.5000 and is currently trading around 1.49960 level. Short term trend is weak as long as resistance 1.5060 holds.
- Any break above 1.5060 will take the pair to next level 1.5100/1.5160.
- Overall trend reversal only above 1.5160 level.
- On the downside major support is around 1.4980 and break below targets 1.4900/1.4880 level.
It is good to sell on rallies around 1.5000-1.50025 with SL around 1.5060 for the TP of 1.4910/1.4885
