- Cable recovered slightly till 1.5445 after release of UK service PMI. It is currently trading around 1.54210.
- UK Business activity index rose for the first time since June, to 54.9 from 53.3 in Sep.
- Overall trend is slightly weak as long as resistance 1.5500 holds.
- On the higher side minor resistance is around 1.5450 and break above targets 1.5500.
- The pair's minor support is around 1.5400 and break below targets 1.5350/1.5320.
It is good to Sell on rallies around 1.5435-40 with 1.5500 for the TP of 1.5360/1.5325
