GBP/USD Technical Analysis: Cable quietly gaining ground currently supported at 1.3250 level

• GBP/USD is currently in a 40-pip pullback from the daily high established at 1.3293.
• GBP/USD is attempting to find support near 1.3250 close to the bullish trendline and the 50-period simple moving average. Bulls targets are the 1.3300 figure and 1.3363, last week’s high. 
• If 1.3250 fails to hold prices the pullback might extend towards 1.3225 intraday swing low and 1.3200 figure.

GBP/USD 15-minute chart 

Spot rate:               1.3264
Relative change:    0.23%     
High:                      1.3293
Low:                       1.3224

Trend:                    Bullish

Resistance 1:        1.3300 figure
Resistance 2:        1.3363 last week’s high
Resistance 3:        1.3400 figure
Resistance 4:        1.3472 June’s high

Support 1:             1.3250 June 4 high 
Support 2:             1.3225 intraday swing low 
Support 3:             1.3200 figure
Support 4:             1.3155 former breakout point
Support 5:             1.3100 figure
Support 6:             1.3049 current 2018 low
Support 6:             1.3027 October 6, 2017 swing low