- Major resistance -1.4020
- Minor resistance – 1.3980
- Cable has broken major support 1.3940 and declined till 1.39140 at the time of writing. It is currently trading around 1.39278.
- On the lower side any break below 1.3940 confirms minor weakness, a decline till 1.3830/1.3780 is possible.
- Major resistance is around 1.4020 and break above targets 1.4060/1.4085. The minor resistance is around 1.3980
It is good to sell on rallies around 1.3925-1.3930 with SL around 1.3980 for the TP of 1.3835/1.3780
The material has been provided by InstaForex Company – www.instaforex.com