GBP/USD Technical Analysis: GBP/USD finding some support at daily low - Trading near 1.3140 level

• GBP/USD fell about 45 pips in tandem with EUR/USD during the European Central Bank (ECB) press conference. 
• GBP/USD is trying to break Wednesday’s low at 1.3129 as GBP/USD is trying to find support. GBP/USD bears broke below the bullish trendline and the 200-period simple moving average, however, they have not been able to reach the 1.3100 figure yet. The bulls are seeing this pullback as a new buying opportunity. However, a bear breakout below 1.3100 and 1.3076 current weekly low would not bode well for bulls. 

GBP/USD 15-minute chart 

Spot rate:               1.3140
Relative change:    -0.36%     
High:                      1.3214
Low:                       1.3124

Trend:                    Bearish / Risk of bullish reversal above 1.3200

Resistance 1:        1.3155 former breakout point
Resistance 2:        1.3200 figure
Resistance 3:        1.3230 supply level
Resistance 4:        1.3250 June 4 high 

Support 1:             1.3100-1.3076 area, figure and weekly low
Support 2:             1.3049 June 28 low
Support 3:             1.3010 July 18 low
Support 4:             1.2957 current 2018 low
Support 5:             1.2908 September 5, 2017 low