GBP/USD Technical Analysis: Cable trading 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 below the 50 and 100 SMAs suggesting a consolidation phase.  

GBP/USD 30-minute chart

• GBP/USD is trading below the 1.3200 figure and the 200 SMA.
• A break below 1.3150 is needed for a decline to 1.3100 and 1.3000 figure.
• Resistances are at 1.3200 and 1.3250 level.

Additional key levels