GBP/USD Technical Analysis: Cable back below 1.3200 handle as Brexit gets delayed

GBP/USD daily chart

• GBP/USD is trading in a bull trend above its main simple moving averages (SMAs).
• Key comments from Theresa May statement following EU's ultimatum - UK will not leave on the 29th March (GBP down).

GBP/USD 4-hour chart

• GBP/USD is trading between the 100 and 200 SMAs suggesting a consolidation in the medium-term.

GBP/USD 30-minute chart

• GBP/USD is trading below the 1.3200 figure and its main SMAs suggesting bearish momentum in the short-term.
•  Support is at 1.3150 and 1.3060 level.
• To the upside, resistance is at 1.3300 figure and 1.3340 level.

Additional key levels