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GBP/USD tests 1.3200, faces resistance near 1.3290

On the 4-hour chart, GBP/USD is below key moving averages, with support around 1.3220 and 1.3200.

Reported · Written up by our desk · Major Pairs

GBP/USD dipped toward the 1.3200 area before finding support, according to Action Forex.

On the 4-hour chart, the pair settled below 1.3300 and the 100 and 200 simple moving averages, after forming a low at 1.3204 and moving into consolidation.

The outlook outlined by Action Forex points to resistance near 1.3280 to 1.3290, where a bearish trend line also sits, with a stronger hurdle listed around 1.3345 and 1.3420.

If GBP/USD fails to recover above 1.3290, the article says it could resume lower, starting with support at 1.3220 and then 1.3200, where a break below could accelerate the decline.

Latest closeGBP/USD 1.325 ▲0.1%

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