• GBP/USD declined on Monday as the dollar rebounded on news that Hillary Clinton would not face criminal charges over her private e-mail server, boosting her chances on the eve of the U.S. presidential vote.
   
• The Federal Bureau of Investigation said it stood by its earlier recommendation that no criminal charges were warranted against Democratic presidential candidate Hillary Clinton, giving some relief ahead of Tuesday's U.S. election.
   
• Currently, the pair trading at 1.2383, short rise towards 1.2400 levels should be viewed as selling opportunities as the resistance level at 1.2435 is set to hold the bulls from advancing further above and push the pair towards lower levels in the short term.
   
• To the upside, immediate resistance can be seen at 1.2435, a break above this level would expose the cable to next resistance level at 1.2507.
   
• To the downside, immediate support can be seen at 1.2375 a break below at this level will open the door towards next level at 1.2320.
  
  Resistance Levels
  
  R1:  1.2435 (38.2% Retracement level)   
  
  R2: 1.2507 (23.6% Retracement level)    
  
  R3: 1.2557 (Nov 4th high)
  
  Support Levels
  
  S1: 1.2375 (50% Retracement level)                        
  
  S2: 1.2320 (61.8% Retracement level)
  
  S3: 1.2253 (Oct 19th lows)