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- Major support – 1.3108 (10-day MA).
- Major resistance- 1.3270.
- The pair has broken 10-day MA and declined till 1.30691 at the time of writing. It is currently trading around 1.3075.
- Cable formed a temporary top around 1.3270 and any further bullishness can be seen only above that level.
- Any break below 10-day MA confirms minor weakness, a decline till 1.3000/1.2950/1.2860 is possible. On the higher side, minor resistance is at 1.3176 (5- day MA) and any break above targets 1.3270/1.3310.
It is good to sell on rallies around 1.3125-1.3130 with SL around 1.3176 for the TP of 1.3000.
