Cable breaks major support at 1.4050, decline till 1.3920 is possible

• Major support - 1.4050 (Mar 16th 2016)
   
• Major Intraday Resistance - 1.4010 (Support turned into resistance)
   
• Cable has broken major support 1.4050 and declined till 1.40280 at the time of writing from that level. It is currently trading at 1.40305.
   
• Intraday trend is slightly weak as long as resistance 1.4100 holds.
   
• Any break below 1.4050 will drag the pair down till 1.3980/1.3920.
   
• On the higher side resistance is around 1.4100 and break above targets 1.4150.
   
• Minor trend reversal only above 1.4150.

It is good to sell on rallies around 1.4040-1.4045 with SL around 1.4100 for the TP of 1.3980/1.3920