Search ForexCrunch
  • The Sterling is lifting against the US Dollar, but Greenback bulls remain close at hand, restraining momentum.
  • Brexit concerns are continuing to imprison the GBP, and a resurgence in negative headlines heading into the weekend will see the Sterling soften up again.
  • bears continue to remain in control on higher timeframes, with the GBP/USD closing in the red for four consecutive weeks.

GBP/USD Chart, 1-Hour

Spot rate:   1.2723
Relative change:   0.08%
High: 1.2726
Low: 1.2691
   
Trend: Sideways to bullish
   
Support 1: 1.2684 (previous day low)
Support 2: 1.2660 (current week low)
Support 3: 1.2600 (major technical level)
   
Resistance 1: 1.2753 (previous day high)
Resistance 2: 1.2826 (current week high)
Resistance 3: 1.2853 (61.8% Fibo retracement level)