• Sterling rose sharply against the dollar on Friday after a disappointing U.S. jobs report sent the greenback lower, helping the pound cut down losses incurred earlier this week on worries about Britain's future in the European Union.
   
• The cable is currently trading around 1.4515 levels , uncertainty stemming from  referendum on Britain’s exist from Eurozone is set to weigh on the currency pair in comings days .Therefore it’s good to sell this pair on rallies.
   
• To the upside, the strong resistance can be seen at 1.4582, a break above this level would expose the cable to next resistance level at 1.4698.
   
• To the downside immediate support can be seen at 1.4370, a break below at this level will open the door towards next level at 1.4330.
  
  Resistance Levels
  
  R1:  1.4534 (50 % Retracement level)      
  
  R2: 1.4582 (Session high)             
  
  R3: 1.4698 (61.8 % Retracement level)
  
  Support Levels
  
  S1: 1.4440 (May 23rd lows)           
  
  S2: 1.4370 (38.2 % Retracement level)
  
  S3: 1.4330 (May 16th lows)