GBP/USD Technical Analysis: Cable dropping to daily lows sub-1.3150 level

GBP/USD daily chart

• GBP/USD is consolidating yesterday’s modest gains above the 200-day simple moving average (SMA).

GBP/USD 4-hour chart

• GBP/USD is breaking below 1.3150 and its main SMAs.

GBP/USD 30-minute chart

• GBP/USD is trading at daily lows as the market is trying to reach the 1.3080 support. The next level of interest to the downside is the 1.3010 level.
• To the upside, resistance is at 1.3200 and 1.3250 level.

Additional key levels