GBP/USD Technical Analysis: Cable under pressure below 1.3200 figure


GBP/USD daily chart

  • GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).

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.
  • Investors can expect short-term resistance at 1.3150 and 1.3200 figure.
  • To the downside, support is at 1.3060 figure and 1.300 figure.


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