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Cable has broken major trend line support around 1.5300 (trend line joining 1.5106 and 1.5199) and break below confirms short term weakness, a decline till 1.5260/1.5200 is possible.
- On the higher side major trend reversal only above 1.5350.
- Any break above 1.5350 will take the pair to next level till 1.5380/1.5435.
- Overall trend reversal only above 1.5380 level.
It is good to sell on rallies around 1.5320-25 with SL around 1.5360 for the TP of 1.5260/1.5200.
