- Cable has broken major support 1.5200 and declined till 1.5135 on Friday. It is currently trading at 1.5203.
- Short term trend is still weak as long as resistance 1.5250 holds.
- Any break above 1.5250 will take the pair to next target 1.5285/1.5335 in short term.
- On the downside minor support is around 1.5180 and any break below targets 1.5135/1.5050.
It is good to sell on rallies around 1.5203-205 with SL of 1.5251 for the TP of 1.5135/1.5051
The material has been provided by InstaForex Company – www.instaforex.com