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GBP/USD Technical Analysis: Pound bulls taking a breather sub-1.3400 handle

  • GBP/USD is having some difficulties to get above the 1.3400 handle and the 100-period simple moving average on the 4-hour chart.
  • GBP/USD is under mild pressure in the short-term as bulls failed to gather momentum above the 1.3400 handle. Supports are seen at the 1.3343, current Monday’s low, 1.3300 handle and at 1.3253 last Friday’s low.  

GBP/USD 15-minutes chart

Spot rate:                1.3358
Relative change:    0.08%     
High:                        1.3338
Low:                         1.3253

Trend:                      Neutral

Support 1:              1.3343 current Monday’s low
Support 2:              1.3300 handle
Support 3:              1.3253 last Friday’s low
Support 4:              1.3205 current 2018 low

Resistance 2:        1.3400 handle and near May 24 high
Resistance 3:        1.3450 May 22 high 
Resistance 3:        1.3500 figure

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