Cable breaks major support 1.4320, targets 1.4180
Major support - 1.4320
Major resistance -1.4360 (support turned into resistance)
The pair has broken major support 1.4320 and declined till 1.42769. It is currently trading around 1.42998. Short term trend is bearish as long as resistance 1.4360 holds.
On the lower side minor support is around 1.4280 and break below targets 1.4240/1.4180/1.4140.
Any break above 1.4360 will take the pair till 1.44400/1.4450 level.
It is good to sell on rallies around 1.4305 with SL around 1.4360 for the TP of 1.4240/1.4180
Major resistance -1.4360 (support turned into resistance)
The pair has broken major support 1.4320 and declined till 1.42769. It is currently trading around 1.42998. Short term trend is bearish as long as resistance 1.4360 holds.
On the lower side minor support is around 1.4280 and break below targets 1.4240/1.4180/1.4140.
Any break above 1.4360 will take the pair till 1.44400/1.4450 level.
It is good to sell on rallies around 1.4305 with SL around 1.4360 for the TP of 1.4240/1.4180