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Short

Cable breaks below 1.5400 handle, targets 1.5345/1.5300

FX:GBPUSD   British Pound/U.S. Dollar
397 0 12
Cable major support is around 1.5400 and declined till 1.53692.It is currently trading around 1.50430 level. Break below 1.5400 confirms trend reversal, a decline till 1.5300/1.5280 is possible.

Short term bullishness only above 1.5450.Any indicative break above 1.5450 will take the pair to next level around 1.5480/1.5510.
The pair’s minor resistance is around 1.5430.

It is good sell on rallies around 1.5402-05 with SL around 1.5451 for the TP of 1.5300
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