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- Major resistance- 1.4120
- Cable has recovery more than 100 pips on Friday after slight weaker than expected US jobs data. US economy has added 103K for the month of Mar compared to forecast of 193k. The pair jumped sharply after release of data and broken major resistance 1.4100 and jumped till 1.41175. it is currently trading around 1.41173.
- UK Halifax HPI rose by 1.5% better then estimates for 0.1% and rose 2.7% compared to Mar of 2017. Technically on the lower side, near term support is around 1.4070 and any break below will drag the pair down till 1.4000/1.3965/1.3920.
- UK Halifax HPI rose by 1.5% better then estimates for 0.1% and rose 2.7% compared to Mar of 2017. Technically on the lower side, near term support is around 1.4070 and any break below will drag the pair down till 1.4000/1.3965/1.3920.
- The near term resistance is around 1.4120 and break above will take the pair till 1.4145/1.41800/1.4245. The pair should break above 1.4250 for further upside.
It is good to buy on dips around 1.4085-92 with SL around 1.4040 for the TP of 1.4200/1.4245.
