- RES 4:1.5487 (38.2% retracement of 1.5698 and 1.5350)
- RES 3: 1.5438 (200 day HMA)
- RES2: 1.5350 (Cloud bottom)
- RES1: 1. 5305 (trend line resistance)
PRICE: 1.5197@ 10:55 GMT
- SUP 1: 1.5190 (50% retracement of 1.4564 and 1.5813)
- SUP2 : 1.5160 (May 7th low)
- SUP3: 1.5085 (May 5th low)
- SUP4: 1.5026 (61.8% retracement of 1.4564 and 1.5813)
GBP/USD is struggling to break trend line resistance 1.5305 and any break above would extend gains till 1.5350./1.53850.
On the downside minor support is around 1.5230 and any break below will drag the pair further down till 1.5160/1.5080.
Overall bearish invalidation only above 1.5350.
It is good to sell around 1.5230 with SL around 1.5275 for the TP 1.5160/1.5085.


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