GBP/USD Weekly Outlook

•RES 4: 1.5201 (61.8% retracement of 1.5512 and 1.46340)

•RES 3: 1.5163 (Mar 18th High)

• RES 2: 1.5093 (Tenken-Sen)

• RES 1: 1.5000 (Previous week high)

PRICE: 1.8693 @ 11:18GMT

•SUP 1: 1.4800

•SUP 2: 1.4720

•SUP 3:1.46430

•SUP 4: 1.4500

Weekly trend -Bearish

GBP/USD is trading between 1.4795 and 1.4993 in the past week. Weekly trend is bearish as long as resistance 1.5165 holds.

It is good to sell on rallies around 1.5000 for the target of 1.4650.