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Cable breaks below 1.5400 handle, decline till 1.5345/1.5300 is possible

Cable major support is around 1.5400 and declined till 1. is currently trading around 1.50430 level. Break below 1.5400 confirms trend reversal, a decline till 1.5300/1.5280 is possible. Short term bullishness only above…

By Lis Howell
1 min read
Cable breaks below 1.5400 handle, decline till 1.5345/1.5300 is possible
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Cable major support is around 1.5400 and declined till 1. is currently trading around 1.50430 level. Break below 1.5400 confirms trend reversal, a decline till 1.5300/1.5280 is possible.

  • Short term bullishness only above 1. indicative break above 1.5450 wil ltake the apir to next level around 1.5480/1.5510.
     
  • The pair's minor resistance is around 1.5430.

It is good sell on rallies around 1.5402-05 with SL around 1.5451 for the TP of 1.5300

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