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- Minor Support - 1.4450(trend line joining 1.4149 and 1.43828)
- Cable has broken minor support 1.4450 and declined till 1.44130. It is currently trading around 1.44207.
- Intraday trend is weak as long as resistance 1.4470 (55 day H EMA) holds. Any break above 1.4470 will take the pair till 1.4500/1.4570 level.
- Short term bearish invalidation only above 1.4580.
- On the lower side major support is around 1.4380 and break below targets 1.4350/1.4320.
It is good to Sell on rallies around 1.4425 with SL around 1.4480 for the TP of 1.4380/1.4350
