GBP/USD Short Term outlook

•RES 4: 1.5350

•RES 3: 1.5268 (Jan 15th high)

•RES2: 1.5175 (61.8% 1.5525 and 1.4564))

•RES 1: 1.5050 (Apr 17th high)

PRICE: 1.5030@ 05:47 GMT

•SUP 1: 1.4950 (20 day 4HMA)

•SUP 2: 1.4850 (200 day HMA)

•SUP 3:1.4760 (61.8% retracement of 1.4564 and 1.5080)

•SUP 4: 1.46025 (Apr 14th low)

GBP/USD has broken short term resistance 1.5050 and this confirms short term bullishness , a jump till 1.5165 cannot be ruled out .

On the downside intraday weakness can be seen only below 1.4950.

It is good to buy at dips around 1.5000 for the target of 1.5165 with stop around 1.4945