• GBP/USD pair has recovered from losses suffered after the release of BoE latest policy minutes and has moved back towards one moth high levels in the early US session.
  
  
• The cable is currently trading around 1.4595 levels , it is set to continue its upward movement towards 1.4700 levels, as the pound is stronger against US dollar in intraday trading. 
  
  
• Technically the RSI in the 4 hour chart is indicating upwards at 68, meanwhile the 55, 30 and 20 MA's are indicating towards higher side . Overall the technical indicators are depicting further downtrend for this pair.
  
  
• To the upside, the strong resistance can be seen at 1.4614, a break above this level would expose the cable to next resistance level at 1.4666.
  
  
• To the downside immediate support can be seen at 1.4520, a break below at this level will open the door towards next level at 1.4454.
  
  Recommendation: Go long around 1.4570 targets around 1.4650/1.4740, SL 1.4480
  
  Support levels: 1.4520 1.4454 1.4408
  
  Resistance levels: 1.4614 1.4666 1.4739