Cable faces trend line support at 1.5450, targets 1.5580

Cable retreated till 1.5470 after BOE policy statement. It is facing strong support around 1.5450 ( trend line joining 1.5178 and 1.5376) and any break below confirm bearishness and a decline till 1.5380 cannot be ruled out .

It is good to buy around 1.5485-88 with SL around 1.5445 for the TP of 1.5580/1.5625