On the downside short term weakness can be seen only below 1.5240 and break of will further drag the pair to 1.5160/1.5130. Overall weakness only below 1.5130.
It is good to buy at decline around 1.5300 for the target of 1.5385.
Indicators (4 Hour chart)
(50) – Buy
(14) - Buy
Recommendation: Buy GBP/USD around 1.5300, SL 1.5240, Target 1.5385/1.5420.