- Sterling continues to trade into the high end of a rising channel.
- Directional bias is likely to flatten out ahead of Brexit developments next week.
- Thin data for the UK’s Thursday session leaves US jobless claims in the driver’s seat.
Spot rate: 1.3434
Relative change: 0.17%
High: 1.3438
Low: 1.3409
Trend: Bullish
Support 1: 1.3395 (50-Hour EMA)
Support 2: 1.3375 (June 6th low)
Support 3: 1.3294 (current week’s low)
Resistance 1: 1.3443 (current week’s high)
Resistance 2: 1.3491 (May 22nd swing high)
Resistance 3: 1.3500 (R3 1-Day pivot)
Share
