• GBP/USD  surged strongly in European session after UK manufacturing production printed better than expected figures. The cable is currently trading around 1.5300 levels with overbought condition and a pullback towards 1.5280 levels can be expected. The currency pair is set to consolidate above 1.5280 levels and move towards 1.5400 levels, as GPB/USD has found renewed buying interest. Therefore it's good to buy this pair around 1.5280 levels.
  
  
• To the upside, the strong resistance can be seen at   1.5321, a break above this level would expose the cable to next resistance level at 1.5365 levels.
  
  
• To the downside immediate support can be seen at 1.5281, a break below at this level will open the door towards next level at 1.52240 levels.
  
  Recommendation: Go long above 1.5280, targets 1.5320, 1.5370, SL 1.5230
  
  Resistance Levels
  
  R1:  1.5321(Oct 7th high)
  
  R2: 1.5365 (Sep 23rd high)
  
  R3: 1.5436 (38.2% Retracement level)
  
  Support Levels
  
  S1: 1.5281(50% Retracement level)
  
  S2: 1.5225 (June 7th lows)
  
  S3: 1.5125 (61.8% Retracement level)