GBP/USD is in consolidation phase, good to buy at declines

• RES4: 1.5745 (161.8% retracement of 1.5497 and 1.5080)
  
  
• RES3: 1.5648

• RES2: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
  
  
• RES1: 1.55512 (Feb 26^th high)
  
  

 PRICE: 1.5398@ 09:10 GMT 

• SUP 1: 1.5350 (38.2% retracement of 1.5088 and 1.5520)
  
  
• SUP 2: 1.5280 (200 day HMA )
  
  
• SUP 3:1.5140 (May 6^th low)
  
  
• SUP4:1.5080 (May 5^th low)
  
  

GBP/USD has formed double top around 1.5500 and retreating from that level.

Technically GBP/USD major resistance around 1.5525 and any break will target 1.5640/15745 in short term.

It is good to buy at dips around 1.5360 for the target of 1.5585/1.5740 with stop around 1.5250.