GBP/USD Technical Analysis: Sterling spins in place after Thursday’s outside day

• Sterling’s rough ride on Thursday leaves a mess on the charts.
• Market participants are bracing for G7 summit as GBP bulls await new developments on Brexit.
• Hourly indicators are near their midlines as the GBP/USD goes directional.

GBP/USD Chart, 1-Hour

Spot rate: 1.3421
Relative change: 0.06%
High: 1.3428
Low: 1.3411

Trend: Bullish

Support 1: 1.3411 (current day’s low)  
Support 2: 1.3373 (June 7th low)  
Support 3: 1.3294 (week’s low)

Resistance 1: 1.3471 (week’s high; June 7th high)
Resistance 2: 1.3491 (three-week high)
Resistance 3: 1.3574 (R3 1-Day pivot)