- 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.
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) |