GBP/USD Technical Analysis: Pound faces 1.3300 handle resistance after 100-pip correction to the upside

• GBP/USD rebounds about a 100 pips from the new 2018 low of 1.3205 reached this Tuesday.  
• The market is facing immediate resistance at 1.3300 handle.
• GBP/USD remains in a bear trend despite the oversold condition on the daily chart.

GBP/USD 15-minute chart

Spot rate:                 1.3275
Relative change:    0.22%      
High:                         1.3308
Low:                          1.3242

Trend:                       Bearish

Support 1:               1.3250 Asia range
Support 2:               1.3205 figure and 2018 low
Support 3:               1.3150 psychological figure

Resistance 1:        1.3300 handle and near Monday’s low
Resistance 2:        1.3400 handle and near May 24 high
Resistance 3:        1.3450 May 22 high