• GBP/USD rebounded strongly towards 1.4586 after the release of US jobs data but, the pair turned back in quick succession and broke support level at 1.4510, as the pound ran out of strength against US dollar. 
  
  
• The pair has to break resistance level at 1.4616  in order find any bullish momentum, unless until trend continues to be bearish for this pair.
  
  
• To the upside, the strong resistance can be seen at 1.5616, a break above this level would expose the cable to next resistance level at 1.4640.
  
  
• To the downside immediate support can be seen at 1.4453, a break below at this level will open the door towards next level at 1.4410.
  
  Recommendation: Go short below 1.4500, targets 1.4410, 1.4380, SL 1.4650
  
  Resistance Levels
  
  R1: 1.4512 (50% Retracement level)
  
  R2: 1.4587 (Daily high)
  
  R3: 1.5616 (38.2% Retracement level)
  
  Support Levels
  
  S1: 1.4453 (Feb 3rd lows)
  
  S2: 1.4410 (61.8% Retracement level)
  
  S3: 1.4443 (Feb 2nd lows)