GBP/USD Technical Analysis: Testing 100-hour SMA support turned resistance

•  After an initial dip to sub-1.3100 level, the pair regained positive traction and has now climbed back closer to overnight swing high, above mid-1.3100s.

•  The pair is currently testing an immediate resistance marked by 100-hour SMA hurdle, which had been acting as an important support over the past two weeks. 

•  With technical indicators on the 1-hourly chart gradually picking up positive momentum, a convincing breakthrough should pave the way for additional gains.

•  Above the mentioned barrier, the pair seems all set to aim towards reclaiming the 1.3200 handle, albeit weakness back below the 1.3100 handle might negate the positive outlook. 
 

GBP/USD 1-hourly chart

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