Thursday, October 15, 2026

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FxWirePro: Cable takes support near daily Kijun-Sen, good to sell on rallies

Major support - 1.23795 (daily Kijun-Sen) Cable has taken support near daily Kijun-Sen and jumped sharply from that level. It is currently trading around 1.24505. Short term trend is slightly bearish as long as resistanc…

By FxWirePro Team
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FxWirePro: Cable takes support near daily Kijun-Sen, good to sell on rallies
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  • Major support - 1.23795 (daily Kijun-Sen)
     
  • Cable has taken support near daily Kijun-Sen and jumped sharply from that level. It is currently trading around 1.24505.                                            
  • Short term trend is slightly bearish as long as resistance 1.2530 holds.

  • The pair should break below Kijun-Sen for further decline till 1.23500/1.2300 is possible .
     
  • On the higher side, any break above 1.2530 will take the cable to next level till 1.2600/1.2675.

    It is good to sell on rallies around 1.2460-1.2465 with SL around 1.2530 for the TP of 1.2350/1.2300

 

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By FxWirePro Team