GBP/USD Technical Analysis: Cable explodes to the upside nearing 1.3200 handle

GBP/USD daily chart

• GBP/USD is nearing the 1.3200 figure as the market is trading above its main simple moving averages (SMAs).

GBP/USD 4-hour chart

• GBP/USD is trading above its main SMAs suggesting bullish momentum in the medium-term.

GBP/USD 30-minute chart

• GBP/USD is trading above its main SMA suggesting bullish momentum in the short-term.
• The strength is likely going to continue next week with 1.3250 and 1.3350 as main bull targets. 
• Support is seen at 1.3140, 1.3100 and 1.3025 level.

Additional key levels