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- Major resistance - 1.4370 (trend line resistance 1.45145 and 1.44590)
- Cable breaks major resistance yesterday and closed well above that level. It is currently trading around 1.4400.
- Minor trend is slightly bullish as long as support 1.4350 (7 day EMA) holds.
- Any break below 1.4350 will drag the pair to next level till 1.4300/1.4260. On the higher side major resistance is around 1.4430 and break above targets 1.4460/1.45150 in short term.
- Overall bullish invalidation only below 1.4000.
It is good to buy at dips around 1.4400 with SL around 1.4350 for the TP of 1.4460/1.4500
