Cable is trading flat in Asian session,good to buy at delines

•RES4: 1.6025 (100% projection of 1.4564 to 1.54997 from 1.50880)

•RES3:1.5855

•RES2: 1.5815 (161.8% retracement of 1.5746 and 1.50880)

•RES1: 1.5750 (161.8% retracement of 1.5497 and 1.50880)


PRICE: 1.57679 @ 05:49 GMT

•SUP1:1.5735 (55 day H EMA)

•SUP2: 1.5702 (61.8% Retracement of 1.5634 and 1.5813)

•SUP3: 1.5630 (May 13th low)

•SUP 4: 1.5590 (23.6% retracement of 1.5088 and 1.5746)

GBP/USD has made high of 1.5813 and retreated till 1.5740. Short term trend is bullish as long support 1.5630 holds.

Technically GBP/USD major resistance around 1.5815 and any break will target 1.5815/1.6020 in short term.

Intraday minor support is 1.5735 and any break below will target 1.5702/1.5630 .

It is good to buy at dips around 1.5740 for the target of 1.5815/1.5855 with stop around 1.5700.