- GBP/USD is losing steam as the market is challenging the 1.3000 figure.
- Bears are eyeing the 1.2976 and 1.2930 levels on the way down.
GBP/USD daily chart
After the October and December bull-market, GBP/USD is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The pound is easing while below the 1.3100 figure and the 50 SMA.
GBP/USD four-hour chart
Resistance: 1.3030, 1.3075, 1.3160
Support: 1.3000, 1.2976, 1.2930