GBP/USD declined on Tuesday as Sterling hurt by PMI monthly survey of purchasing managers in the service sector made slight improvement in the previous month, but still suggested economy has slowed in first quarter.
- The pair made modest gain in early European session hitting as high as 1.4234 but was unable to move further on broader weakness, and declined to hit low around 1.4130 in the early US session.
- Currently the pair is trading around 1.4130 levels, it is set to decline further towards 1.4070 and later 1.4000 in the short term.
- To the upside, the strong resistance can be seen at 1.4180, a break above this level would expose the cable to next resistance level at 1.4223 levels.
- To the downside strong support can be seen at 1.4100, a break below at this level will open the door towards next level at 1.4072
Resistance Levels
R1: 1.4145 (50% Retracement level)
R2: 1.4180 (March 24th high)
R3: 1.4223 (61.8 % Retracement level)
Support Levels
S1: 1.4100 (Psychological levels)
S2: 1.4072 (38.2 % Retracement level)
S3: 1.4050 (March 24th lows)


FxWirePro: USD/CNY hovers near 3-1/2-year low ahead of U.S. data
NZDJPY Bullish at 365-EMA Support: Buy Dips Toward 95 Target
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD risks tilt further to the downside
FxWirePro: GBP/NZD gains some upside momentum, but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro:' USD/CAD faces downside risk below 1.4000
EURGBP Weakens After Doji – Bearish Bias Intact Below 0.8600, Sell Rallies
Major Pair Currency Score: GBPUSD and AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro:EUR/NZD gains slightly as ranges remain tight ahead U.S. inflation report
FxWirePro- Woodies pivot (Major)
GBPJPY Consolidates Above 215 on Bullish Momentum: Buy Dips Toward 217
GBPJPY Surges on Yen Weakness – Bullish Dip Buy Eyes 217
FxWirePro: GBP/USD gains above 1.3500 ahead of key U.S. and UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD bears maintain upper hand 



