GBP/USD is trading above 1.5000,jump till 1.5165 is possible

•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: 1.5042@ 04:52 GMT

•SUP 1: 1.4950 (23.6% retracement of 1.4564 and 1.5080)

•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 retreated after making a high of 1.5080. Intraday trend is bullish as long as support 1.4950 holds.

On the upside intraday bullishness can be seen above 1.5080.

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