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- Major resistance - 1.4550 (20 day MA)
- Cable has recovered after making a low of 1.4450. It is currently trading around 1.45265. Short term trend is slightly weak as long as resistance 1.4600 holds.
- Any break above 1.4600 will take the pair to next level 1.4650/1.4670. Overall bearish invalidation only above 1.4670.
- On the lower side major support is around 1.4450 and break below targets 1.4400/1.4380.
It is good to sell on rallies around 1.4560 with SL around 1.4600 for the TP of 1.4800/1.4450
