Cable faces strong resistance around 1.5260, good to buy at dips
Cable recovered till 1.5246 and started to decline from that level. It is currently trading at 1.52086.
Short term trend is still bullish as long as support 1.5130 holds.
On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360 level.
Any break below 1.5130 will target 1.5080/1.5050 level.
It is good to buy at dips around 1.5170 with SL around 1.5130 for the TP of 1.5230/1.5260
Short term trend is still bullish as long as support 1.5130 holds.
On the higher side major resistance is around 1.5262 and break above will take the pair to new level till 1.5300/1.5360 level.
Any break below 1.5130 will target 1.5080/1.5050 level.
It is good to buy at dips around 1.5170 with SL around 1.5130 for the TP of 1.5230/1.5260