GBP/USD Current price: 1.5142

The GBP/USD pair trades around its daily opening, confined to a 40 pips range ever since the day started. The short term picture is neutral, as the 1 hour chart shows price stuck around a flat 20 SMA and indicators steady near their midlines. In the 4 hours chart the overall outlook is more bearish, as per price contained below its 20 SMA currently at 1.5180, whilst indicators hold below their midlines showing no directional strength. The downside however remains favored, with a break below 1.5100 exposing the pair to a retest of the recent multi-month low at 1.5033.

Support levels: 1.5120 1.5090 1.5035

Resistance levels: 1.5180 1.5220 1.5275 
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