GBP/USD Technical Analysis: Cable is weak near 1.3040 level

FX Street

Published date: 8 Apr. 2019 | 14:42

GBP/USD daily chart

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

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs suggesting bearish momentum.

GBP/USD 30-minute chart

GBP/USD rejected 1.3080 resistance and the 100 SMA.
A bear break below 1.3040 can lead to 1.3000 figure.
To the upside, resistance is at 1.3080, 1.3120 and 1.3200 level.

Additional key levels

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