- Cable is trading within narrow range 1.56771 and 1.55483 for the past three trading session.
- Today it went up to 1.56168 in Asian session and pared its gains once European session started.
- Overall trend is still bullish as long as support 1.5540 holds. Any break above confirms short term weakness, decline till 1.5480/1.5435 cannot be ruled out.
- On the upside any break above 1.5600 will target 1.5630/1.56770/1.5690 in short term.
It is good to buy at dips around 1.5585 with SL around 1.5400 for the TP of 1.5670/1.5688.
The material has been provided by InstaForex Company – www.instaforex.com