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FxWirePro- Major US Indices

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GBP/USD is trading below 200 day HMA, decline till 1.5250/1.5170 is possible

Tuesday, June 9, 2015 9:34 AM UTC

RES 4 : 1.5445 (Jun 4^th high)
RES 3: 1.5380 (Jun 3^rd high)
RES 2: 1. 5330 (20 day HMA)
RES 1: 1.5306 (200 day HMA)

PRICE: 1.52997@ 09:32 GMT

SUP 1 :1.5248
SUP 1: 1.5169 (Jun 1^st low)
SUP 2: 1.5080 (May 5^th low)
SUP3 :1.5040 (61.8% retracement of 1.5648 and 1.5813)

GBP/USD is facing resistance around 1.5380 and any trend reversal only above that level. Any break above 1.5380 would extend gains till 1.5445/1.5500.

The minor intraday resistance is around 1.5320.

on the downside support is at 1.5248 and break below will drag the pair further down till 1.5200/1.5170.

It is good to sell on rallies around 1.5300 with SL around 1.5360 for the TP of 1.5200/1.5175.

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GBP/USD is trading below 200 day HMA, decline till 1.5250/1.5170 is possible

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