GBP/USD technical analysis: Cable under pressure at multi-month lows challenging the 1.2100 level

GBP/USD is trading at multi-month lows now challenging the 1.2100 figure.
The levels to beat for bears are seen at the 1.2100, 1.2067 and 1.1998 levels.

GBP/USD daily chart

GBP/USD is under pressure at multi-month lows trading below its main daily simple moving averages.

GBP/USD 4-hour chart

GBP/USD is challenging 1.2100 support. If the market breaks below the level, the next supports on the way down are seen at 1.2067 and 1.1998, according to the Technical Confluences Indicator.

GBP/USD 30-minute chart

Cable is under pressure trading near the daily lows. Immediate resistances can be located at 1.2135 and 1.2167, according to the Technical Confluences Indicator.

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