FxWirePro: GBP/USD key resistance at 1.4952, bearish in the short term

The GBP/USD has slipped lower sharply, shedding more than 100pips after dollar rose across the board following Federal Reserve rate hike yesterday. 

• The currency pair initially rebounded towards higher levels in the earlier European session, however after finding resistance at 1.5000 level the pair has decline towards 1.4924 levels. 
   
• Currently the cable is trading around 1.4924 levels, it is set to decline further towards 1.4880 later towards 1.4850 levels in the short term.
   
• To the upside, the strong resistance can be seen at 1.4952, a break above this level would expose to cable to next resistance level at 1.5000.
   
• To the downside immediate support can be seen at 1.4908, a break below will open the door towards next level at 1.4857.
  
  Recommendation: Go short below 1.4952, targets 1.4890, 1.4850, SL 1.5000
  
  Resistance Levels
  
  R1: 1.4952 (61.8% Retracement Level)
  
  R2: 1.5000 (Psychological Level)
  
  R3: 1.5095 (Dec 17th high)
  
  Support Levels
  
  S1: 1.4908 (50% Retracement Levels)
  
  S2: 1.4857 (38.2% Retracement Level)
  
  S3: 1.4801 (23.6% Retracement Level)