GBP/USD Technical Analysis: Cable drops below the 1.3100 figure

GBP/USD daily chart

• GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
• GBP/USD is testing the 50 SMA at the 1.3059 level.

GBP/USD 4-hour chart

• GBP/USD is testing the 200 SMA. 

GBP/USD 30-minute chart

• GBP/USD is trading below the 1.3100 figure and its main SMAs suggesting bearish momentum in the short-term.
• A break below 1.3060 support can lead to 1.3000 the figure.
• Resistance is at 1.3100 and 1.3160 level. 

Additional key levels