GBP/USD has lost some ground to dollar to trade around 1.5187 levels after slipping from 1.5263 levels. The cable is currently trading in oversold condition and a rebound towards higher levels can be expected sooner or later.
- The pair is supported by raising trend line in 4 hours chart and is trading above daily pivot point is located at 1.5180,which indicate further upside for this pair, therefore it's good to buy this pair around 1.5180 levels.
- To the upside, the strong resistance can be seen at 1.5263, a break above this level would expose the cable to next resistance level at 1.5300.
- To the downside immediate support can be seen at 1.5190, a break below at this level will open the door towards next level at 1.5132.
Recommendation: Buy around 1.580, targets 1.5220, 1.4270, SL 1.5120
Resistance Levels
R1: 1.5263 (Daily high)
R2: 1.5300 (Psychological levels)
R3: 1.5329 (Sep 29th high)
Support Levels
S1: 1.5190 (50% Retracement level)
S2: 1.5132 (Nov 11th low)
S3: 1.5042 (61.8% Retracement level)


FxWirePro: AUD/USD soften slightly but trend is still bullish
FxWirePro: GBP/USD rises as UK political uncertainty fails to dent pound strength
FxWirePro: USD/CAD gains some momentum as weak Canadian jobs data weighs on loonie
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD dips towards 2.2800 level , vulnerable to more downside
FxWirePro: NZD/USD loses momentum but bullish setup remains
FxWirePro: USD/JPY continues to recovers , upside pressure builds
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: USD/CNY hits fresh three-year low, scope for further downside
FxWirePro:AUD/USD loses momentum but outlook is bullish
Aussie Strength Prevails: AUD/JPY Targets Multi-Year Highs as Bullish Momentum Builds
FxWirePro- Major Crypto levels and bias summary
CADJPY Outlook: Loonie Limps as Dismal Jobs Data Fuels BoC Rate Cut Bets
FxWirePro= Major European Indices 



