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  • Sterling trading flat after recovering from last week’s technical bottom.
  • Hourly indicators are mixed and leaning out of their overbought positions.
  • It’s a quiet Monday for the Pound with little data to come; market sentiment to play driver for broader markets.

GBP/USD Chart, 15-Minute

Spot rate:   1.3263
Relative change:   0.05%
High:   1.3271
Low:   1.3250
   
Trend:   Flat
   
Support 1:   1.3233 (38.2% one-week Fibo level)
Support 2:   1.3150 (June 19th swing low)
Support 3:   1.3102 (technical bottom)
   
Resistance 1:   1.3314 (previous week high)
Resistance 2:   1.3380 (R3 daily pivot point)
Resistance 3:   1.3472 (one month high)