GBP/USD Technical Analysis: Sterling floats on 1.34 as technical correction stalls out

• GBP/USD remains supported by rising trendline, but bulls might be out of gas on technical correction.
• MACD and slow Stochastics are mixed, both nearing midline/indecision.
• Traders will be awaiting results of key Brexit votes in the UK’s parliament this week.

GBP/USD Chart, 1-Hour

Spot rate: 1/3407
Relative change: Negligible
High: 1.3424
Low: 1.3404

Trend: Bullish

Support 1: 1.3354 (Friday low)
Support 2: 1.3295 (one week low)
Support 3: 1.3204 (2018 low, May technical bottom, major handle)

Resistance 1: 1.3439 (Friday high)
Resistance 2: 1.3470 (one week high)
Resistance 3: 1.3569 (May swing high)