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.

Flavio Tosti Independent Analyst

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

Author

Flavio Tosti

Independent Analyst

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