The low from last week is in sight and will be the first line of defence. Mike has highlighted buy orders at 1.5160 and 1.5150 also.

Below there we have the 61.8 fib from the Mar/Apr lo/hi at 1.5126. Further down is support at 1.5118, 1.5087 and 1.5070.

gbpusddaily 21 05 2013

Above the 55 dma has capped the highs so far with resistance at 1.5300.

Low so far is 1.5169