GBP/USD Technical Analysis: Cable struggles to break above 1.3200 after reaching new 2018 low

• GBP/USD rejected the 1.3200 area after reaching 1.3146, the new 2018 low earlier in the European session.
• GBP/USD has tested the 200-period simple moving average on the 15-minute chart suggesting subdued prices in the coming hours.

GBP/USD 15-minute chart

Spot rate:               1.3183
Relative change:     0.07%     
High:                      1.3206
Low:                       1.3146

Trend:                    Bearish

Resistance 1:        1.3200 figure
Resistance 2:         1.3250 figure    
Resistance 3:        1.3300 key support

Support 1:             1.3146, current 2018 low
Support 2:             1.3100 figure
Support 3:             1.3013 October 6, 2017 swing low