GBP/USD Technical Analysis: No man’s land below 1.3120 resistance

GBP/USD daily chart

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

GBP/USD 4-hour chart

• GBP/USD is stuck between the 50 and 100 SMA.

GBP/USD 30-minute chart

• GBP/USD remains directionless below 1.3120 key resistance.
• Bulls have a small advantage but unless 1.3120 resistance is broken Cable remains stuck in its range.
• Support is at 1.3080 and 1.3040 level to the downside while a break above 1.3120 resistance should open the doors to the 1.3200 figure.

Additional key levels