- Major resistance- 1.3350
- Major support -1.3235 (14 day MA)
- Cable has recovered sharply from the low of 1.3235 and is currently trading
around 1.33305.
- 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.
- On the lower side, any break below 1.3235 will drag the pair down till 1.3160/1.3100.The pair is trading slightly above 5-day MA (1.330) and 10 –day MA (1.3273).
It is good to buy above 1.3350 with SL around 1.3270 for the TP of 1.3480/1.3530
