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  • Sterling traders looking for buying opportunities near the bottom.
  • Thursday’s BoE rate decision to leave traders largely on the sidelines for now.
  • Brexit headlines are also making it difficult for bidders, with little positive developments as of late.

GBP/USD Chart, 1-Hour

Spot rate: 1.3163
Relative change: -0.06%
High: 1..3177
Low: 1.3153

Trend: Bearish

Support 1: 1.3150 (Tuesday low; last technical swing low)
Support 2: 1.3076 (S2 1-week pivot)
Support 3: 1.2941 (S3 1-week pivot)

Resistance 1: 1.3276 (R1 1-day pivot)
Resistance 2: 1.3309 (R2 1-day pivot)
Resistance 3: 1.3334 (R3 1-day  pivot)