From fxpro
GBP/USD
Suffered a setback off 1.4771 Wednesday to leave a cautious doji on the daily chart, as resistance in this key area below 1.4805 begins to emerge. Attempts to retest 1.4771 should be beaten back to protect 1.4805, but to extend the rally off the May 20 reaction low at 1.4229, a fresh wave of bull pressure is needed, opening the 1.5053 lower high. Below 1.4621 would expose Wednesday's low at 1.4554, but 1.4435 provides backup support.
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