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GBP/USD Price Analysis: Pound under pressure, approaching the 1.3000 handle

  • GBP/USD is breaking down from a triangle pattern.
  • The level to beat for sellers is the 1.3000 handle.
 

GBP/USD daily chart 

 
GBP/USD is breaking down from a triangle pattern while above its main daily simple moving averages (SMAs). The year 2020 kicked off with a potential lower high just below the 1.3300 handle.
   

GBP/USD four-hour chart

 
The pound had a bearish leg down below the main SMAs as the bears remain in control. A brek below the 1.3000 figure can lead to further losses towards the 1.2926. Resistance is seen at the 1.3050, 1.3100 and 1.3114 level, according to the Technical Confluences Indicator.  
  

Additional key levels

 

United States EIA Natural Gas Storage Change registered at -44B above expectations (-53B) in January 3

United States EIA Natural Gas Storage Change registered at -44B above expectations (-53B) in January 3
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USD/CAD hits the highest level in almost two weeks above 1.3100

The USD/CAD accelerated to the upside on Thursday and recently reached levels on top of 1.3100 for the first time since December 27. As of writing, it
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