GBP/USD technical analysis: Cable ending the day on its lows below 1.2700 figure

• GBP/USD weakens below 1.2700. 
• The level to beat for bears is 1.2650.  

GBP/USD daily chart

GBP/USD is consolidating after the selloff seen in May. 

GBP/USD 4-hour chart

The market is trading below 1.2700 and its main simple moving averages (SMAs). 

GBP/USD 30-minute chart

The range remains intact as Cable is trading between the 1.2650 and 1.2750 levels. Bears need a break below 1.2650 to reach 1.2600. Resistance is at 1.2750 and 1.2800 figure.

Additional key levels