GBP/USD is struggling to break above 200 day HMA, decline till 1.5170 is possible

• RES 4:1.5430 (May 27^th high)
  
  
• RES 3: 1.5364 (200 day HMA)
  
  
• RES2: 1.5320 (20 day HMA)
  
  
• RES1: 1. 5267 (55 day H EMA)

 PRICE: 1.52716@ 09:59 GMT 

• SUP 1: 1.5190 (50% retracement of 1.4564 and 1.5813)
  
  
• SUP2 : 1.5160 (May 7^th low)
  
  
• SUP3:  1.5085 (May 5^th low)
  
  
• SUP4: 1.5026 (61.8% retracement of 1.4564 and 1.5813)

GBP/USD has made a high of 1.5375 and retreated from that level. Short term trend is weak as long as resistance 1.5385 holds

On the downside minor support is around 1.5250 and any break below will drag the pair further down till 1.5160/1.5080. 

It is good to sell on rallies around 1.5300 with SL around 1.5355 for the TP 1.5160.