GBP/USD Technical Analysis: Failure to sustain trendline break can recall 1.3100

• GBP/USD struggles to hold recent strength as it trades near 1.3220 ahead of London open on Tuesday.
• The pair rose to 1.3290 during early-day increase after Brexit optimists welcomed the meeting between the UK PM Theresa May and the EU Commission Chief Jean-Claude Juncker.
• However, prices failed to remain strong and are witnessing pullback at press time.
• Should there be a dip beneath 1.3180, sellers may aim for 1.3105/1.3100 horizontal-region comprising important reversal points since early February.
• Given the pair’s sustained downturn under 1.3100, 1.3030 can act as intermediate halt ahead of highlighting ten-week-old support-line, at 1.2970.
• Alternatively, successful trading beyond 1.3300 could escalate recent recovery towards February month high near 1.3350.
• During the pair’s extended rise past-1.3350, 61.8% Fibonacci expansion (FE) of its latest moves, at 1.3530, seems next big resistance for the pair traders to watch. Though, 1.3380, 1.3410 and 1.3460 may meanwhile entertain short-term traders.

GBP/USD 4-Hour chart

Addiitonal important levels: