GBP/USD Technical Analysis: cycling 1.3150 as traders await a push

• The GBP/USD is beginning to lose momentum after Monday's drive to close the week's opening gap appears to have run out of steam close to familiar levels from the previous week.
• Brexit fear continues to hang over the Cable ahead of Tuesday's earnings call, which could see a short-term boost for the GBP/USD if income growth manages to beat expectations, but the major pair remains firmly weak to downside pressures, capped off by the 50-hour moving average camped at 1.3155.
• Descending peaks on the intraday candles sees the pair cycling near an evenly-matched price action level as markets await further details, and short-term breakouts could get faded by traders unless the Cable makes a significant break above or below current congestion.

GBP/USD Chart, 15-Minute