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- Major resistance- 1.3290 (10- day MA)
- Major support -1.3135 (50% retracement of 1.27893 and 1.34805)
- Cable has formed a temporary top around 1.32784 yesterday and declined from that level. It is currently trading around 1.32013.
- The pair upside is capped by 10–day MA and it should break above 1.3290 (10- day MA) for further bullishness. Any break above 1.3295 will take the pair to next level till 1.3350/1.3400/1.3480. Any close above 1.3480 confirms major bullishness. The minor resistance is around 1.3240.
- On the lower side, any break below 1.3155 will drag the pair down till 1.3100/1.3050.
It is good to sell on rallies around 1.3240-45 with SL around 1.3300 for the TP of 1.3155/1.3100
