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FxWirePro: Cable faces strong resistance at 1.4360, good to sell on rallies

  • Major resistance -1.4360 (support turned into resistance)
     
  • The pair has recovered after making a low of 1.4244. It is currently trading around 1.42921. Short term trend is bearish as long as resistance 1.4360 holds.
     
  • On the lower side major support is around 1.4240 and break below targets 1.4180/1.4140.
     
  • Any break above 1.4360 will take the pair till 1.44400/1.4450 level.

It is good to sell on rallies around 1.4320 with SL around 1.4360 for the TP of 1.4240/1.4180.l

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