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Cable has declined till 1.5027 after release of better than expected US Non Farm payroll. It is currently trading around 1.50655.
- The pair has taken support near trend line support around 1.5016 (trend line joining 1.5160 and 1.5105) and slightly recovered from that level.
- On the downside any break below 1.5016 will drag the pair down till 1.5000/1.4950 in short term.
- The pair's minor resistance is around 1.5090 and break above targets 1.5140/1.5180.
It is good to buy at dips around 1.5060 with SL around 1.5015 for the TP of 1.5140/1.5180
