Home GBP/USD Technical Analysis: Cable explodes to the upside nearing 1.3200 handle

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GBP/USD Technical Analysis: Cable explodes to the upside nearing 1.3200 handle

FX Street

Updated: 3 May. 2019 | 23:07

GBP/USD daily chart

GBP/USD is nearing the 1.3200 figure as the market is trading above its main simple moving averages (SMAs).

GBP/USD 4-hour chart

GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

GBP/USD is trading above its main SMA suggesting bullish momentum in the short-term.
The strength is likely going to continue next week with 1.3250 and 1.3350 as main bull targets.
Support is seen at 1.3140, 1.3100 and 1.3025 level.

Additional key levels

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