- RES 4: 1.5231 (161.8% retracement of 1.5165 and 1.5465)
- RES 3: 1.5165 (Mar 18th high)
- RES2: 1.5050 (Apr 17th high)
- RES 1: 1.5000
PRICE: 1.4965@ 06:07 GMT
- SUP 1: 1.4870
- SUP 2: 1.4795 (200 day 4HMA)
- SUP 3:1.4715 (61.8% retracement of 1.4969 and 1.4564)
- SUP 4: 1.46025 (Apr 14th low)
GBP/USD has retreated after making a high of 1.5050. Overall trend is bullish as long as 1.4795 holds. It is good to buy on declines around 1.4880 with stop around 1.4790 for the target of 1.5050


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