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- Major support - 1.4260 (trend line joining 1.38350 and 1.39140)
- Major Resistance -1.4300
- Cable breaks major trend line support 1.4260 and declined till 1.42456 at the time of writing. It is currently trading around 1.42520.
- Short term trend is still weak as long as resistance 1.4300 holds.
- Any break above 1.4300 will take the pair till 1.4345/1.4380/1.4400 in short term.
- On the lower side any break below 1.4260 confirms minor trend reversal, a decline till 1.4180/1.4150/1.4100 is possible.
It is good to sell on rallies around 1.42500 with SL around 1.4300 for TP of 1.4155/1.4100
