• GBP/USD declined on Thursday as selling continued after weak UK Construction data and renewed Brexit fears weighted on the pair.
   
• British construction orders fell last month for the first time in more than three years, on concern about a June 23 referendum vote. Data showed on Thursday that headline construction PMI dropped to 51.2 from April's 52.0.
   
• The intraday trend remains bearish for the pair as the British pound is set to come under increased pressure on worries over Brexit.
   
• To the upside, the strong resistance can be seen at 1.4500, a break above this level would expose the cable to next resistance level at 1.4546 levels.
   
• To the downside strong support can be seen at 1.4380, a break below at this level will open the door towards next level at 1.4380.
  
  Resistance Levels
  
  R1:  1.4462 (50 % Retracement level)      
  
  R2: 1.4500 (June 1st high)             
  
  R3: 1.4546 (61.8 % Retracement level)
  
  Support Levels
  
  S1: 1.4380 (38.2 % Retracement level)   
  
  S2: 1.4330 (May 16th lows)
  
  S3: 1.4275 (23.6 % Retracement level)