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5 Apr 2019
GBP/USD Technical Analysis: Cable pressuring daily lows near 1.3040 level
GBP/USD daily chart
- GBP/USD is consolidating above the 200-day simple moving average (SMA).
GBP/USD 4-hour chart
- GBP/USD is trading below its main SMAs suggesting bearish momentum.
GBP/USD 30-minute chart
- GBP/USD is trading near the daily lows as the market is trying to reach the 1.3000 figure. The next level of support is seen at 1.3060 level.
- To the upside, resistance is at 1.3080 and 1.3120 level.
Additional key levels