Cable breaks major support 1.4200, below targets 1.4080
Major support – 1.4200 (trend line joining 1.4350 and 1.42443)
The pair breaks major support 1.4200 and declined till 1.4193. It is currently trading around 1.42040.
Short term trend is slightly weak as long as resistance 1.4280 holds.
On the lower side any break below 1.4200 will drag the pair down till 1.4140/1.40780
It is good to sell on rallies around 1.4195-1.4200 with SL around 1.4260 for the TP of 1.4080
The pair breaks major support 1.4200 and declined till 1.4193. It is currently trading around 1.42040.
Short term trend is slightly weak as long as resistance 1.4280 holds.
On the lower side any break below 1.4200 will drag the pair down till 1.4140/1.40780
It is good to sell on rallies around 1.4195-1.4200 with SL around 1.4260 for the TP of 1.4080
