GBP/USD Technical Analysis: Cable is weak near 1.3040 level

GBP/USD daily chart

• GBP/USD is consolidating above the 200-day simple moving average (SMA).

GBP/USD 4-hour chart

• GBP/USD is trading below its main SMAs suggesting bearish momentum.

GBP/USD 30-minute chart

• GBP/USD rejected 1.3080 resistance and the 100 SMA.
• A bear break below 1.3040 can lead to 1.3000 figure.
•  To the upside, resistance is at 1.3080, 1.3120 and 1.3200 level.

Additional key levels