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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)

 

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