GBP/USD is struggling to break above 200 day HMA, decline till 1.4650 is expected

• RES 4: 1.5061 (78.6% retracement of 1.5163 and 1.4687)
  
  
• RES 3: 1.49937 (Mar 26^th high)
  
  
•  RES 2: 1.4920 (Mar 27^th high)
  
  
•  RES 1: 1.4863 (200 day HMA)

    PRICE: 1.4840@ 07:12 GMT 

• SUP 1: 1.4805 (Kijun-Sen)
  
  
• SUP 2: 1.4750 (Mar 30^th low)
  
  
• SUP 3:1.46872 (Mar 19^th low)
  
  
• SUP 4: 1.4634 (Mar 18^th low)

Intraday trend -Bearish

GBP/USD is trading around 1.48363 after making a short term low of 1. term trend is bearish as long as resistance 1.4900 holds.

It is good to sell on rallies around 1.4840 for the target of 1.4650.