GBP/USD Technical Analysis: Cable bears challenging 1.3015 key support

FX Street

Published date: 2 Apr. 2019 | 14:47

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 below its main SMAs.

GBP/USD 30-minute chart

GBP/USD is trading below its main SMAs suggesting a bearish bias.
A break below 1.3015 key support is needed to extend the decline. The next supports to the downside are seen at 1.2960 and 1.2880 level.
Resistance to the upside are at 1.3060, 1.3145 and 1.3200 figure.

Additional key levels

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