2016.05.0904:13:00UTC+00Cable Breaks Major Support 1.4400, Targets 1.4280/1.4240

Major support - 1.4400 (trend line joining 1.44437 and 1.44229)
Major resistance -1.4450 (support turned into resistance)
Cable has broken major support 1.4400 and declined till 1.43780 at the time of writing. Intraday trend is weak as long as resistance 1.4450 holds.
Any break below 1.4400 will drag the pair down till 1.4320/1.4280/1.4240 level.

It is good to sell on rallies around 1.4385-1.4390 with SL around 1.4450 for the TP of 1.4280/1.4240.

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