GBP/USD Hit Support

The pair is trading significantly lower in today's trading session, going below 1.46 and reaching as low as 1.4532. Currently GBP/USD is trading at 1.4620, a sharp climb just after the rapid decline.

Main trend is still bearish and remains bearish until we get a break above 1.47 thus returning back to the upward channel.

First level of support is 1.4570, second level is 1.4530, third level is 1.4500.
First level of resistance is 1.4640, second level is 1.4686 and third level is 1.4700.

Chart: GBP/USD H4