• The GBP/USD pair inched up to 1.4544 during early Asian session, but failed to advance further above 1.4544, and slipped sharply towards 1.4356 as the uncertainty about Britain's exit from the Eurozone kept the traders cautious.
  
  
• The cable is currently trading around 1.4386 levels , uncertainty stemming from  referendum on Britain's exist from Eurozone is set to weigh on the currency pair in coming days.There gore it's good to sell this pair on rallies.
  
  
• Technically the RSI in the 4 hour chart is indicating downwards at 38, meanwhile the 55, 30 and 20 MA's are indicating towards lower side. Overall the technical indicators are depicting further downtrend for this pair.
  
  
• To the upside, the strong resistance can be seen at 1.4448, a break above this level would expose the cable to next resistance level at 1.4512.
  
  
• To the downside immediate support can be seen at 1.4380, a break below at this level will open the door towards next level at 1.4305.
  
  Recommendation: Go short around 1.4440 targets around 1.4360/1.4300, SL 1.4540
  
  Support levels: S1-1.4380, S2- 1.4335, S3-1.4270
  
  Resistance levels: R1-1.4448, R2- 1.4512, R3-1.4591