GBP/USD Technical Analysis: 1.1280 intraday support in play on Easter Monday

GBP/USD daily chart

• GBP/USD is trading in a consolidation above its 200-day simple moving average (SMA).
• Volatility is likely going to be limited on Easter Monday.

GBP/USD 4-hour chart

• GBP/USD is hovering above 1.2950 key support. 

GBP/USD 30-minute chart

• The market is trading below its main SMAs suggesting a negative bias in the short-term. 
• 1.2880 is a key intraday support and a break below would open the gates to 1.2950 level. 
• Alternatively, a bounce at 1.2880 can lead to a recovery to 1.3000 and 1.3020 level

Additional key levels