Home GBP/USD Technical Analysis: Cable bears eyeing 1.3130 support in the New York session
FXStreet News

GBP/USD Technical Analysis: Cable bears eyeing 1.3130 support in the New York session

GBP/USD daily chart

  • GBP/USD is consolidating above its 200-day simple moving average (SMA).

GBP/USD 4-hour chart

  • GBP/USD is trading between the 100 and 200 SMAs suggesting a consolidation in the medium-term.


GBP/USD 30-minute chart

  • GBP/USD is consolidating the recent bull run below 1.3200 resistance.
  • As long as 1.3200 resistance is not breached the 1.3130 and 1.3060 support stays on the bears radar.


Additional key levels

 

 

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.