Cable breaks major support 1.4350, targets 1.4200
Major Support - 1.4350
Major Intraday resistance - 1.4400
The pair has broken major support 1.4350 and declined till 1.4335 at the time of writing. It is currently trading around 1.4345.
Short term trend is weak as long as resistance 1.4400 holds.
Any break above will take the pair to next levels at 1.4450/1.4500. Short term bearish invalidation only above 1.4520.
On the lower side any break below 1.4350 will drag the pair down till 1.4280/1.4260/1.4200
It is good to sell on rallies around 1.4335-1.4340 with SL around 1.4400 for the TP of 1.4260/1.4200/1.4150
Major Intraday resistance - 1.4400
The pair has broken major support 1.4350 and declined till 1.4335 at the time of writing. It is currently trading around 1.4345.
Short term trend is weak as long as resistance 1.4400 holds.
Any break above will take the pair to next levels at 1.4450/1.4500. Short term bearish invalidation only above 1.4520.
On the lower side any break below 1.4350 will drag the pair down till 1.4280/1.4260/1.4200
It is good to sell on rallies around 1.4335-1.4340 with SL around 1.4400 for the TP of 1.4260/1.4200/1.4150
