- Sterling struggling to find some lift, chopping lower as technical recovery ends at 1.3471.
- UK earnings today are expected to print flat; a miss could easily send the Pound back into May’s lows.
- Brexit votes this week will see traders sticking close to the sidelines until a clearer picture of voting outcomes is known.
Spot rate: 1.3362
Relative change: -0.10%
High: 1.3383
Low: 1.3346
Trend: Flat to bearish
Support 1: 1.3344 (current week’s low)
Support 2: 1.3294 (previous week’s low)
Support 3: 1.3204 (major psychological handle, major technical bottom)
Resistance 1: 1.3441 (current week’s high)
Resistance 2: 1.3471 (technical recovery top)
Resistance 3:1.3503 (161.8% 1-Day Fibonacci level)
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