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- RES 4: 1.5165 (Mar 18th high)
- RES3: 1.5050 (Apr 17th high)
- RES 2: 1.5000
- RES 1: 1.4966 (Cloud bottom)
PRICE: 1.4934@ 06:31 GMT
- SUP 1: 1.4864 (38.2% retracement of 1.4564 and 1.5052)
- SUP 2: 1.4800 (200 day HMA)
- SUP 3:1.4715 (61.8% retracement of 1.4969 and 1.4564)
- SUP 4: 1.46025 (Apr 14th low)
GBP/USD is trading is in consolidation phase for the past three trading session. It should close above 1.5000 for the further up move. On the downside 1.4800 is acting s major support and any break below will drag the pair till 1.4710.
It is good to stay away from market as near term outlook is mixed.
