- Major resistance – 1.4970 (trend line joining 1.51629 and 1.5107)
- Cable has broken major support 1.4970 and confirms major trend reversal a decline till 1.4900/1.4855.
- On the higher side minor resistance is around 1.5000 and break above targets 1.5030.
It is good to sell on rallies around 1.4965-1.4970 with SL around 1.5030 for the TP of 1.4860
The material has been provided by InstaForex Company – www.instaforex.com