GBP/USD Short term outlook

FX:GBPUSD   British Pound / U.S. Dollar
275 0 2
•RES 4: 1.5165

•RES 3: 1.5000

•RES 2: 1.4936 (61.8% retracement of 1.5165 and 1.4564)

• RES 1: 1.4880 ( 61.8% retracement of 1.4975 and 1.4565)

PRICE: 1.4825@ 08:31 GMT            

•SUP 1: 1.4780 (200 day HMA )

•SUP 2: 1.4732 (Cloud top)

•SUP 3:1.4683 (Cloud bottom)

•SUP 4: 1.4565 ( Apr             13th low)
GBP/USD             has recovered till 1.4880 after making a low of 1.5640. It is facing resistance around 1.4936 and slight intraday trend reversal can happen only above that level. It is good to sell around 1.4880 with stop around 1.4936 for the target of 1.4650.

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