FxWirePro: GBP/USD strongly bearish despite upside attempts

GBP/USD Initially declined to hit low at 1.4362 levels before rebounding back  towards 1.4409 levels after Bank of England minutes showed 8-1 voting in keeping the interest rate unchanged. 

• The ongoing weakness is set to continue for this pair as the resistance level at 1.4500 is likely to act as strong barrier to the bulls and bring a further decline towards lower levels, therefore its good to sell this pair on rallies. 
   
• To the upside, the strong resistance can be seen at 1.4464, a break above this level would expose the cable to next resistance level at 1.4500.
   
• To the downside immediate support can be seen at 1.4360, a break below at this level will open the door towards next level at 1.4300.
  
  Recommendation: Go short around 1.4430, targets 1.4350, 1.4300, SL 1.4500
  
  Resistance Levels
  
  R1:  1.4414(50% Retracement level)
  
  R2: 1.4464 (61.8% Retracement level)
  
  R3: 1.4500(Psychological levels)
  
  Support Levels
  
  S1: 1.4360 (38.2% Retracement level)
  
   S2: 1.4344 (Jan 12th lows)
  
  S3: 1.4300 (23.6% Retracement level)