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- Major resistance- 1.3350.
- Major support -1.3155 (daily Kijun-Sen).
- Cable has broken minor support 1.3230 and declined till 1.31660 at the time of writing. It is currently trading around 1.3203.
- The pair should break above 1.3350 for further bullishness. Any break above 1.3350 will take the pair to next level till 1.3400/1.3480. Any close above 1.3480 confirms major bullishness. The minor resistance is around 1.3280 (61.8% retracement of 1.3347 and 1.3165)/1.3350.
- On the lower side, any break below 1.3155 will drag the pair down till 1.3100/1.3050.
It is good to buy above 1.3350 with SL around 1.3270 for the TP of 1.3480/1.3530
