GBP/USD Technical Analysis: Cable treading water above 1.3100 figure

• GBP/USD is trading just above the 200-period simple moving average and  the 1.3100 level suggesting a bullish bias.  
• Buyers should remain in control as long as the market holds above 1.3100 on a daily closing basis. Resistances to the upside are seen near 1.3140 and 1.3200 figure.
• However, it is worthy to note that GBP/USD bulls are showing a relative lack of conviction to rebound from 1.3100 as the RSI, MACD  indicators are displaying some weakness in the market.  

GBP/USD 4-hour chart  

Spot rate:                         1.3102
Relative change:             -0.1%      
High:                                1.3132
Low:                                 1.3076

Main trend:                      Bullish

Resistance 1:                  1.3140 October 16 low
Resistance 2:                  1.3200 figure
Resistance 3:                  1.3259 October 12 high
Resistance 4:                  1.3237 October 16 high
Resistance 5:                  1.3300 September 20 high
Resistance 6:                  1.3370 July 9 high

Support 1:                      1.3100 figure
Support 2:                      1.3050 August 30 swing high, key level
Support 3:                      1.3028 October 8 low
Support 4:                      1.3000 figure  
Support 5:                      1.2957 July 19 swing low