Cable faces resistance at 1.4400, break above targets 1.4500
Major resistance - 1.4400 (55 day EMA)
Major support - 1.4345 (3 day EMA)
The pair has made a high of 1.44363 and slightly retreated from that level. It is currently trading around 1.43810.
Cable is facing strong resistance around 1.4400 and any close above 1.4400 will take the pair to next level till 1.4500/1.4580 ins short term.
Minor support is around 1.4345 and break below targets 1.4300/1.4270 level.
Overall bullish invalidation only below 1.4100 level.
It is good to buy above 1.4400 with SL around 1.4345 for the TP of 1.4500/1.4580
Major support - 1.4345 (3 day EMA)
The pair has made a high of 1.44363 and slightly retreated from that level. It is currently trading around 1.43810.
Cable is facing strong resistance around 1.4400 and any close above 1.4400 will take the pair to next level till 1.4500/1.4580 ins short term.
Minor support is around 1.4345 and break below targets 1.4300/1.4270 level.
Overall bullish invalidation only below 1.4100 level.
It is good to buy above 1.4400 with SL around 1.4345 for the TP of 1.4500/1.4580