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