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- Major resistance- 1.3092 (Sep 19th high).
- Major intraday support – 1.3038 (100- HMA).
- Cable has recovered sharply from the low of 1.29537 after Fed meeting. It is currently trading around 1.30650.
- On the higher side, major resistance is around 1.30920 and any break above will take the pair to next level till 1.3142 (200- HMA)/1.3195 (50% retracement of 1.3445 and 1.29450).
- Cable’s intraday support stands at 1.3038 (100- HMA) and any violation below will drag the pair down till 1.3000/1.2950.
It is good to buy only above 1.30920 with SL around 1.3038 for the TP of 1.3140/1.31950
Resistance
R1-1.30920
R2-1.3140
R3-1.3195
Support
S1-1.3038
S2-1.3000
S3-1.2945
