GBP/USD Technical Analysis: Cable finds resistance at 1.3200 figure

• GBP/USD gained about 50 pips on Tuesday and found some resistance near the 1.3200 figure.  
• A failure to break above 1.3200 can lead to a rotation back towards 1.3155 former breakout point and the 1.3100 figure.  
• On the flip side if bears can overcome 1.3200 it can lead to a move towards 1.3256, intraday swing high of last Tuesday.

GBP/USD 15-minute chart  

Spot rate:               1.3190
Relative change:      0.34%      
High:                      1.3208
Low:                       1.3114

Trend:                    Bearish

Resistance 1:        1.3200 figure
Resistance 2:        1.3256, intraday swing high of last Tuesday
Resistance 3:        1.3300 figure

Support 1:             1.3155 former breakout point
Support 2:             1.3100 figure
Support 3:             1.3049 current 2018 low
Support 4:             1.3027 October 6, 2017 swing low