Major resistance- 1.3350 Major support -1.3235 (14 day MA) Cable has recovered sharply from the low of 1.3235 and is currently trading around 1.33305. The pair should break above 1.3350 for further bullishness. Any break…
Cable has recovered sharply from the low of 1.3235 and is currently trading around 1.33305.
The pair should break above 1.3350 for further bullishness. Any break above 1.3350 will take the pair to next level till 1.3400/1.3480. Any close above 1.3480 confirms major bullishness.
On the lower side, any break below 1.3235 will drag the pair down till 1.3160/1.3100.The pair is trading slightly above 5-day MA (1.330) and 10 –day MA (1.3273).
It is good to buy above 1.3350 with SL around 1.3270 for the TP of 1.3480/1.3530
