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- Major resistance - 1.4580 (trend line joining 1.5240 and 1.46633)
- Cable has retreated after making a high of 1.45635 yesterday and started to decline from that level . It is currently trading around 1.4492. Short term is weak as long as resistance 1.4580 holds.
- On the lower side major support is around 1.4450 and any break below targets 1.4400/1. weakness can be seen below 1.4320.
- Any break above major resistance 1.4580 will take the pair till 1.4650/1.4680 level.
It is good to sell on rallies around 1.4545-50 with SL around 1.4580 for the TP of 1.4380/1.4320
