Cable takes support around trendline,jump till 1.532 is possible
Candlestick Pattern- Hammer
Cable has made a low of 1.5228 and slightly recovered from that level. It is currently trading at 1.52520 level. The pair also taken support around trend line (trend line joining 1.4568 and 1.5162).
Intraday trend is slighty bullish as long as support 1.5220 holds.Any break below 1.5220 will drag the pair further down till 1.5160.
On the higher side minor resistance is around 1.5280 and break above targets 1.5325/1.5355.
it is good to buy around 1.5250 with SL around 1.5215 for the TP of 1.5320/1.5360.
Cable has made a low of 1.5228 and slightly recovered from that level. It is currently trading at 1.52520 level. The pair also taken support around trend line (trend line joining 1.4568 and 1.5162).
Intraday trend is slighty bullish as long as support 1.5220 holds.Any break below 1.5220 will drag the pair further down till 1.5160.
On the higher side minor resistance is around 1.5280 and break above targets 1.5325/1.5355.
it is good to buy around 1.5250 with SL around 1.5215 for the TP of 1.5320/1.5360.