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GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its 200-day simple moving avearge (SMA).

GBP/USD 4-hour chart

  • GBP/USD is testing  the 1.3000 figure.

GBP/USD 30-minute chart

  • The market is trading below its main SMAs suggesting a bearish bias in the short-term.  
  • 1.3000 is a key support and a breach of it would open the gates to 1.2950 level.  
  • Alternatively, a bounce can see 1.3040 revisited.

Additional key levels