GBP/USD Technical Analysis: Cable drops to weekly lows near 1.3040 level

FX Street

Published date: 16 Apr. 2019 | 18:17

GBP/USD daily chart

GBP/USD is consolidating below the 50-day simple moving average (SMA).

GBP/USD 4-hour chart

GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term.

GBP/USD 30-minute chart

The market could find some short-term support here at 1.3040 level.
If broken then the next pit-stop for bears become 1.3000 the figure.
Resistance is at 1.3080 level.

Additional key levels

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