- GBP/USD is gaining steam above the 1.3000 figure.
- The level to beat for buyers is the 1.3080 resistance.
GBP/USD daily chart
Following the October and December bull-run, pound/dollar is trading in a rectangle consolidation above the 100/200-day simple moving averages (SMAs). The spot is trading below the 1.3100 and 50 SMA.
GBP/USD four-hour chart
Resistance: 1.3080, 1.3125, 1.3160
Support: 1.3000, 1.2958, 1.2931
Additional key levels