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- Cable has shown a minor recovery till 1.28770 at the time of writing after hitting low of 1.27750. The pair is currently trading around 1.28490.
- On the higher side, minor resistance is around 1.2905 (5- day MA) and any break above will take the pair till 1.2950/1.3000. Any minor intraday bullishness can be seen only above 5 day MA and 38.2% retracement.
- Cable major support is around 1.27750 (resistance turned into support) and any break below will drag the pair down till 1.2705/1.2600.
It is good to sell on rallies around 1.2860-1.2865 with the SL at 1.2905 for the TP of 1.27750/1.2705.
