GBP/USD Technical Analysis: Cable currently supported at 1.3250

• GBP/USD failed to break above the 1.3300 level following the 210-pip bull run of the last two days. Cable is trading above the 200-period simple moving averages (SMA) on the 15-minute time-frame suggesting a mild bullish bias.
• GBP/USD is currently testing the 1.3250 support. A break of the level could lead to a retest of the 1.3200 figure.    

GBP/USD 15-minute chart

Spot rate:               1.3272
Relative change:    0.24%      
High:                      1.3316
Low:                       1.3238

Trend:                    Neutral  

Resistance 1:        1.3300 key support    
Resistance 2:        1.3350 figure
Resistance 3:        1.3400 figure

Support 1:             1.3250 figure  
Support 2:             1.3200-1.3214 area, figure and Wednesday’s high
Support 3:             1.3146, current 2018 low