- GBP/USD is reversing from multi-week lows and challenges the 1.3000 figure.
- The levels to beat for bulls is the 1.3038 level.
GBP/USD daily chart
Following the October and December bull-run, GBP/USD is trading in a rectangle consolidation above its 100/200-day simple moving averages (SMAs). The spot is easing below the 1.3100 figure and the 50 SMA.
GBP/USD four-hour chart
Resistance: 1.3038, 1.3079, 1.3160
Support: 1.2998, 1.2957, 1.2920
Additional key levels