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  • GBP/USD is consolidating last week gains as the market trades near  the 1.2141 resistance.
  • The levels to beat for bears are the 1.2122 and 1.2097 levels.
 
 

GBP/USD daily chart

 
The Cable is trading in a bear trend below its main daily simple moving averages (SMAs). The market is consolidating last week modest advance.
 

GBP/USD 4-hour chart

 
GBP/USD is trading below 1.2141 resistance and the 100/200 SMAs suggesting a bearish bias in the medium term. The levels to beat for bears are 1.2122, followed by 1.2097 and 1.2065, according to the Technical Confluences Indicator.
 
 

GBP/USD 30-minute chart

 
GBP/USD is losing steam on Monday. Immediate resistances are seen at 1.2141, 1.2154 and the 1.2173 level, according to the Technical Confluences Indicator.
 
 
 
 

Additional key levels