Cable faces trend line resistance at 1.5642,targets 1.5500

Cable is facing trend line resistance around 1.56420 and further bullishness can be seen only above that level.Any break above would extend gains till 1.5680/1.5700 in short term.

Short term weakness only below 1.5580. Any break below 1.5580 will drag the pair to next target 1.5500/1.545 in short term.

It is good to sell on rallies around 1.5630 with SL around 1.5680 for the TP of 1.5500/1.5460.