GBP/USD Technical Analysis: No man’s land below 1.3120 resistance

FX Street

Updated: 15 Apr. 2019 | 16:57

GBP/USD daily chart

GBP/USD is consolidating above the 200-day simple moving average (SMA).

GBP/USD 4-hour chart

GBP/USD is stuck between the 50 and 100 SMA.

GBP/USD 30-minute chart

GBP/USD remains directionless below 1.3120 key resistance.
Bulls have a small advantage but unless 1.3120 resistance is broken Cable remains stuck in its range.
Support is at 1.3080 and 1.3040 level to the downside while a break above 1.3120 resistance should open the doors to the 1.3200 figure.

Additional key levels

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