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16 Jul 2018
GBP/USD Technical Analysis: Sterling drifting to the upside heading into Monday's London session
- Sterling seeing some light pickup ahead of a thin Monday with little action on the docket, though an upcoming Brexit vote in the UK's parliament could see PM May's latest proposal get gutted by Brexiteers.
- The GBP is holding onto last Friday's bullish momentum, but thin markets through the Asia session could see a sharp turnaround when London markets come on-line.
GBP/USD Chart, 15-Minute
| Spot rate: | 1.3246 |
| Relative change: | 0.13% |
| High: | 1.3248 |
| Low: | 1.3221 |
| Trend: | Bullish |
| Support 1: | 1.3221 (current day low) |
| Support 2: | 1.3101 (previous week low) |
| Support 3: | 1.3049 (2018 low) |
| Resistance 1: | 1.3262 (61.8% Fibo retracement level) |
| Resistance 2: | 1.3361 (previous week high) |
| Resistance 3: | 1.3446 (June 14th swing high) |