GBP/USD Technical Analysis: Cable drifting south near 1.3100 figure

GBP/USD daily chart

• GBP/USD is consolidating the gains established last Friday.

GBP/USD 4-hour chart

• GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

• GBP/USD dipped below 1.3100 figure and the 50 SMA suggesting a consolidation down in the short-term.
• The market can continue drifting down towards 1.3070, 1.3030 and 1.3000 figure. 
• Resistance is at 1.3100, 1.3130 and 1.3180 level.

Additional key levels