• The GBP/USD pair has retreated back from 1.5184 levels, after US CPI data released earlier from US market printed in line with analyst's expectation, reversing the earlier gains. 
  
  
• Currently the pair is testing support level located at 1.5116, a pullback near the range of 1.5140 should be viewed as selling opportunity.
  
  
• To the upside, the strong resistance can be seen at 1.5168, a break above this level would expose to cable to next resistance level at 1.5200.
  
  
• To the downside immediate support can be seen at 1.5116, a break below will open the door towards next level at 1.5061.
  
  Recommendation: Go short below 1.5140, targets 1.5080, 1.5000, SL 1.5255
  
  Resistance Levels
  
  R1: 1.5168 (61.8% Retracement Level)
  
  R2: 1.5200 (Psychological Level)
  
  R3: 1.5254 (Nov 20th high)
  
  Support Levels
  
  S1: 1.5116 (50% Retracement Levels)
  
  S2: 1.5061 (38.2% Retracement Level)
  
  S3: 1.5000 (23.6% Retracement Level)