GBP/USD Technical Analysis: Cable bounces from daily lows, currently capped at 1.3240

• GBP/USD bounced after it tested the 1.3200 figure. It is now finding some resistance near the 1.3240 level, the 50-period simple moving average of the 15-minute chart.
• GBP/USD keeps a bearish bias as long as it stays below 1.3260, the 200-period SMA. 

GBP/USD 15-minute chart

Spot rate:               1.3229
Relative change:    -0.38%     
High:                      1.3293
Low:                       1.3192

Trend:                    Bearish

Resistance 1:        1.3240, 50-period SMA (15m)
Resistance 2:        1.3260, 200-period SMA (15m)
Resistance 3:        1.3300 key support   
Resistance 4:        1.3350 supply/demand level

Support 1:             1.3200 figure
Support 2:             1.3155 breakout point
Support 3:             1.3146, current 2018 low