GBP/USD is trading well below 200 day HMA, decline till 1.5000 is possible

• RES4: 1.5585 (38.2% retracement of 1.7166 and 1.45648)
  
  
• RES4: 1.55512 (Feb 26^th high)
  
  
• RES3:1.5340 (61.8% retracement of 1.5497 and 1.5080)
  
  
• RES2: 1.5217 (200 day HMA)
  
  
• RES 1: 1.5175 (55 day  HMA)

   PRICE: 1.5103@ 06:30 GMT 

• SUP 1: 1.5080 (Bollinger lower band)
  
  
• SUP 2: 1.5030 (50% retracement of1.4564 and 1.5497 )
  
  
• SUP 3:1.54920 (61.8% retracement of 1.45648 and 1.5497)
  
  
• SUP4: 1.54855 (Apr 21^st low)

GBP/USD has slightly recovered after making a low of 1.5080. Intraday trend is weak as long as resistance 1.5175 holds.

On the upside major resistance is around 1.5175. Any break above will take the pair till 1.5217/1.5260.

On the downside minor support is around 1.5100 and weakness can be seen below that level.

 It is good to sell around 1.5120 for the target of 1.5000 with stop around 1.5175.