GBP/USD Technical Analysis: Cable back below 1.3200 handle as Brexit gets delayed

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GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
  • Key comments from Theresa May statement following EU’s ultimatum – UK will not leave on the 29th March (GBP down).

GBP/USD 4-hour chart

  • GBP/USD is trading between the 100 and 200 SMAs suggesting a consolidation in the medium-term.

GBP/USD 30-minute chart

  • GBP/USD is trading below the 1.3200 figure and its main SMAs suggesting bearish momentum in the short-term.
  •  Support is at 1.3150 and 1.3060 level.
  • To the upside, resistance is at 1.3300 figure and 1.3340 level.


 

Additional key levels

 

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