GBP/USD Technical Analysis

50-day simple moving average (SMA) figure of 1.3090, recent highs near 1.3125 and a month-long descending trend-line near 1.3150 can limit near-term upside ahead of highlighting 1.3200 resistance.
On the downside, 1.3000, 200-day SMA level of 1.2975 and 100-day SMA level of 1.2940 could offer nearby strong support.


Short: 1.30581
TP: 1.30181
SL: 1.30981