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  • The Sterling remains trapped under Brexit headlines, and intraday action is turning increasingly bearish, with the GBP/USD off of recent highs.
  • Hourly EMAs see the pair set for continued downside, with Daily Stochastics and RSI heading south from their respective midpoints.

GBP/USD Chart, 15-Minute

Spot rate 1.3026
Previous week change -0.28%
Previous week high 1.3217
Previous week low 1.3000
   
Support 1 1.3000 (major technical level)
Support 2 1.2975 (200-period 4-hour EMA)
Support 3 1.2867 (S3 weekly pivot)
   
Resistance 1 1.3138 (200-hour EMA)
Resistance 2 1.3298 (September peak; two-month high)
Resistance 3 1.3510 (200-day EMA)