GBP/USD pares gains due to weaker than expected GDP, good to sell on rallies

• RES 4: 1.5512 (Feb 26^th high)

• RES 3: 1.5350
  
  
• RES2: 1.5268 (Jan 15^th high)
  
  
• RES 1: 1.5200

   PRICE: 1.5205@ 09:04 GMT 

• SUP 1: 1.5160 (Resistance turned into support)
  
  
• SUP 2: 1.5125 (20 day 4HMA)
  
  
• SUP 3:1.5090 (23.6% retracement of 1.4564 and 1.5260)
  
  
• SUP 4: 1.4959 (200 day 4HMA)

GBP/USD has formed double top around 1.5260 and expanded only by 0.3% in the first three months from the prior quarter, weakest pace of growth in more than a year.

On the upside intraday bullishness can be seen above 1. break above will take the pair till 1.5300/1.5348.

 It is good to sell on rallies around 1.5220 for the target of 1.5130 with stop around 1.5270