GBP/USD Technical Analysis: Cable approaching 1.3300 key resistance after strong sell-off in Europe

• GBP/USD reached a new 2018 low at 1.3205 earlier on Tuesday. 
• The market is consolidating the early Europe sell-off and the 1.3300 handle acts as the immediate resistance.
• The risk remains skewed to the downside as GBP/USD is trading below its 50, 100 and 200-period simple moving averages on the 4-hour and 15-minute chart.

GBP/USD 15-minutes chart

Spot rate:                    1.3280
Relative change:       -0.24%     
High:                            1.3326
Low:                             1.3205

Trend:                          Bearish

Support 1:                  1.3200 handle a near current Tuesday’s low
Support 2:                  1.3100 handle
Support 3:                  1.3000-1.3065 handle and weekly 100-period simple moving average

Resistance 1:            1.3300 handle and near Monday’s low
Resistance 2:            1.3400 handle and near May 24 high
Resistance 3:            1.3450 May 22 high