The GBP/USD initially in European session slipped lower sharply after breaking below 1.4600 levels, however, the pair rebounded in the US session after finding support at 1.4525 levels erasing the earlier losses.
- The pair is set weaken further as the debate over Brexit from Europe is set to put further pressure in the coming session.
- Currently the cable is trading around 1.4615 levels, it is set to decline further towards 1.4550 later towards 1.4500 levels in the short term.
- To the upside, the strong resistance can be seen at 1.4730, a break above this level would expose to cable to next resistance level at 1.4780.
- To the downside immediate support can be seen at 1.4613, a break below will open the door towards next level at 1.4525.
Recommendation: Go short around 1.4625, targets 1.4550, 1.4500, SL 1.4780
Resistance Levels
R1: 1.4675 (38.2% Retracement Level)
R2: 1.4730 (50% Retracement Levels)
R3: 1.4780 (61.8% Retracement Levels)
Support Levels
S1: 1.4613 (23.6% Retracement Levels)
S2: 1.4576 (April 5th lows)
S3: 1.4525 (Daily lows)


FxWirePro: NZD/USD edges higher as dollar weakens after tame US PPI data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY steadies around 159.30,retains bid tone
AUDJPY Bullish Dip-Buy Setup: All EMAs Align for Run to 115
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises to 1-month peak as USD weakens
FxWirePro: GBP/NZD sell bias remains below key resistance zone
FxWirePro: GBP/NZD retreats despite upbeat UK GDP growth data
FxWirePro : EUR/NZD slips lower, set to stay on back foot
Currency Score JPY Major: GBPJPY Bullish at 85 as CHFJPY Turns Extremely Bearish at -100
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains modestly as softer U.S. data pressures greenback
Currency Major Pairs: GBPUSD & AUDUSD Extremely Bullish as USDCAD Turns Deeply Bearish and Major levels to watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD eases despite better-than-expected UK GDP growth data 



