Cable faces strong support at 1.5328, break below targets 1.516

Cable has made a low of 1.5340 and slightly recovered till 1.53825. It is currently trading at 1.5336.

The pair's major support is around 1.5280 and any break below confirms short term weakness , a decline till 1.5200/1.5160 cannot be ruled out.

Intraday bullishness only above 1.5385. Any break above 1.5385 will take the pair to next target till 1.5430/1.5450.

Short term bullishness only above 1.5480.

It is good to sell only below 1.5328 with SL around 1.5385 for the TP of 1.5165