• GBP/USD has rebounded after hitting support level at 1.5126. The cable is currently trading around 1.5150 levels with oversold condition and a pullback towards 1.5240 levels can be expected. The currency pair is set to consolidate above 1.5130 levels and move towards 1.5200 and later towards 1.5300 levels, as GPB/USD has found renewed buying interest off late, therefore it's good to buy this pair around 1.5130 levels.
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  Non-farm payrolls, Unemployment rate are the key data set to be released from US market, which will add high volatility in the market. Therefore, traders should trade this pair with caution.
  
  
• To the upside, the strong resistance can be seen at 1.5170 (61.8% Retracement level), a break above this level would expose the cable to next resistance level at 1.5240 levels.
  
  
• To the downside immediate support can be seen at 1.5126 (Oct 3rd lows), a break below at this level will open the door towards next Retracement level at 1.5107.
  
  Recommendation: Go long above 1.5130, targets 1.5240, 1.5340, SL 1.5070
  
  Resistance Levels
  
  R1:  1.5170 (61.8% Retracement level)
  
  R2: 1.5215 (Sep 30th high)
  
  R3: 1.5246 (Sep 28th high)
  
  Support Levels
  
  S1: 1.5126 (Oct 3rd lows)
  
  S2: 1.5107 (50% Retracement level)
  
  S3: 1.5077 (May 3rd lows)