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GBP/USD retreats after making a high of 1.5050, good to buy at dips

Monday, April 20, 2015 6:10 AM UTC

RES 4: 1.5231 (161.8% retracement of 1.5165 and 1.5465)
RES 3: 1.5165 (Mar 18^th high)
RES2: 1.5050 (Apr 17^thhigh)
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 14^th 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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GBP/USD retreats after making a high of 1.5050, good to buy at dips

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