GBP/USD Technical Analysis: Cable bears finds support near 1.3000 figure

• GBP/USD lost more than 280 pips from the weekly high to low. GBP/USD is now facing support at the 1.3200 figure. 
• GBP/USD is set to have a pullback to the upside before resuming the bear trend. Resistances are seen at the 1.3100 and 1.3155 levels. 
• Bears need a strong breakout below the new 2018 low at 1.3010 in order to resume the bear trend. 

GBP/USD 15-minute chart 

Spot rate:               1.3051
Relative change:    -0.50%     
High:                      1.3120
Low:                       1.3010

Trend:                    Bearish /bullish pullback

Resistance 1:        1.3100 figure 
Resistance 2:        1.3155 former breakout point
Resistance 3:        1.3200 figure
Resistance 4:        1.3225 intraday swing low 
Resistance 5:        1.3250 June 4 high 
Resistance 6:        1.3300 figure
Resistance 7:        1.3363 last week’s high
Resistance 8:        1.3400 figure
Resistance 9:        1.3472 June’s high

Support 1:             1.3049 former 2018 low
Support 2:             1.3010 current 2018 low
Support 3:             1.3027 October 6, 2017 swing low