GBP/USD Short term outlook

•RES 4: 1.5000

•RES 3: 1.4950

• RES 2: 1.4900

• RES 1: 1.4866 (200 day HMA)

PRICE: 1.477@ 03:30 GMT

•SUP 1: 1.4797 (20 day HMA)

•SUP 2: 1.4720

•SUP 3:1.46430

•SUP 4: 1.4500

Intraday trend -Bearish

GBP/USD is trading around 1.47739 after making a short term low of 1.4750.Short term trend is bullish as long as resistance 1.4900 holds.

It is good to sell on rallies around 1.4825 for the target of 1.4650.