- The Sterling is hesitating in a weak bullish correction, with Brexit concerns overpowering the GBP heading into Friday.
- US tariffs on China have come into effect, and market sentiment has drawn taut as traders await China’s response.
- It’s also US NFP Friday, which promises to add volatility to trade war fears.
GBP/USD Chart, 15-Minutes
| Spot rate: |
1.3218 |
| Relative change: |
-0.05% |
| High: |
1.3226 |
| Low: |
1.3202 |
| |
|
| Trend: |
Bullish to flat |
| |
|
| Support 1: |
1.3205 (38.2% Fibo retracement level) |
| Support 2: |
1.3162 (61.8% Fibo retracement level) |
| Support 3: |
1.3094 (current week low) |
| |
|
| Resistance 1: |
1.3273 (current week high) |
| Resistance 2: |
1.3306 (R2 daily pivot) |
| Resistance 3: |
1.3471 (June high) |
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