The Pound weakened versus the Dollar and rose for a 3rd day against the Euro, reaching its strongest level in more than 8 months, amid speculation tomorrow's U.K. election may leave the Conservative Party in a position to form a government. The main resistance on the one hour chart is located at 1.5200, as long as the pair continues to trade below this level a short position is preferred. Overall, GBP/USD traded with a low of 1.5072 and with a high of 1.5173. Today, Parliamentary Election, Services PMI is expected at 57.1 vs. 56.5 prior.

GBP/USD - Last: 1.5132

Resistance

1.5172

1.5283

1.5391

Support

1.5073

1.4970

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