GBP/USD Technical Analysis: Cable drops to weekly lows near 1.3040 level
|GBP/USD daily chart
- GBP/USD is consolidating below the 50-day simple moving average (SMA).
- GBP/USD is trading below its main SMAs suggesting a bearish momentum in the medium-term.
GBP/USD 30-minute chart
- The market could find some short-term support here at 1.3040 level.
- If broken then the next pit-stop for bears become 1.3000 the figure.
- Resistance is at 1.3080 level.
Additional key levels
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