FxWirePro: GBP/USD key support at 1.5280, bullish in the short term

GBP/USD   has slipped sharply towards 1.5322 after making a brief surge towards 1.5374 in the early European session. The currency pair is set to consolidate above 1.5280 levels and move towards 1.5450 levels, as GPB/USD has found renewed buying interest. Therefore it's good to buy this pair around 1.5300 levels.

• To the upside, the strong resistance can be seen at   1.5382, a break above this level would expose the cable to next resistance level at 1.5450 levels.
   
• To the downside immediate support can be seen at 1.5322, a break below at this level will open the door towards next level at 1.5281 levels.
  
  Recommendation: Go long above 1.5300, targets 1.5370, 1.5430, SL 1.5230
  
  Resistance Levels
  
  R1:  1.5382 (Oct 9th high)
  
  R2: 1.5434 (38.2% Retracement level)
  
  R3: 1.5529 (Sep 9th high)
  
  Support Levels
  
  S1: 1.5322 (Oct 10th lows)
  
  S2: 1.5281 (50% Retracement level)
  
  S3: 1.5260 (October 8th lows)