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GBP/USD daily chart

  • GBP/USD is down for the second consecutive days as bulls failed to sustain the move above 1.3200 the figure.

GBP/USD 4-hour chart

  • GBP/USD is trading below 1.3100 figure and its 200 SMA.

GBP/USD 30-minute chart

  • GBP/USD is trading below its main SMAs suggesting bearish momentum in the short-term.
  • If bears can break 1.3030 key support then 1.2990 and 1.2900 can be on the cards for bears.
  • Immediate resistances are at 1.3070 and 1.3100 level.

Additional key levels