- Cable declined till 1.5525 after making a high of 1.56328 yesterday. Overall trend is still bullish as long as support 1.5460 holds.
- Any break below 1.5460 will drag the pair down till 1.5430/1.5400.
- On the higher side minor resistance is around 1.5550 and any break above would extend gains till 1.5580/1.5630.
It is good to buy at dips around 1.5510-15 with SL around 1.5460 for the TP of 1.5625
The material has been provided by InstaForex Company – www.instaforex.com