- Major resistance - 1.4580 (trend line joining 1.5240 and 1.46633)
- Cable has retreated after making a high of 1.4578. It is currently trading around 1.4488. 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 1.4485-90 with SL around 1.4580 for the TP of 1.4380/1.4320
R1-1.4530
R2-1.4580
R3-1.4680
Support
S1-1.4400
S2- 1.4350
S3-1.4320
