Gbp/Usd is trading just beneath its 100 and 200 hour M/A (1.5026 & 1.5025 respectively). Also the 50% Fibo of the move down starting on March 8th lies at 1.5032. This area should be a strong level of resistance and a break above could bring the pair up to 1.5070. If it holds a move back down to 1.4960-70 level is likely.
