Cable take support near trendline, targets 1.5140

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