GBP/USD Technical Analysis: Pound bulls approaching key 1.3400 handle

• GBP bulls are getting close to the 1.3390-1.3400 area, which is the 100-period simple moving average on the 4-hour chart and the figure.  
• The 1.3390-1.3400 area should be critical to overcome if bulls want to generate a successful reversal started on May 29.
• The 1.3300 handle should offer  support if bulls want to keep the momentum going. A break below the level can open the gates to downside moves.

GBP/USD 15-minute chart

Spot rate:                1.3394
Relative change:     0.6%      
High:                      1.3395
Low:                        1.3302

Trend:                    Neutral to bullish above 1.3300

Support 1:             1.3333 Tuesday’s intraday swing low
Support 2:             1.3300 handle
Support 3:             1.3253 last Friday’s low

Resistance 1:        1.3400 handle and 100-period SMA (4-hour)
Resistance 2:        1.3450 May 22 high  
Resistance 3:        1.3500 figure