GBP/USD Technical Analysis

GBPUSD heading towards the key 1.3100 – 1.3105 resistance-confluence comprising 50-day simple moving average (SMA) level and a five-week long descending trend-line.In a case where the support-line figure of 1.3030 fails to limit the pair’s downside, 200-day SMA level of 1.2970 and 1.2950 including 100-day SMA could gain market attention.