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  • The Sterling is maintaining a bullish stance for the week, despite still flubbing below Friday’s highs.
  • The current price action is being lifted by a rising channel from last week’s low.
  • Market sentiment has turned down for the week, but the European theater currencies have evaded declines so far.

GBP/USD Chart, 15-Minute

Spot rate:   1.3287
Relative change:   0.06%
High:   1.3292
Low:   1.3273
   
Trend:   Bullish
   
Support 1:   1.3223 (previous day low)
Support 2:   1.3180 (61.8% one week Fibo level)
Support 3:   1.3139 (S1 weekly pivot)
   
Resistance 1:   1.3320 (June 13th previous support)
Resistance 2:   1.3377 (R3 daily pivot)  
Resistance 3:   1.3443 (R2 weekly pivot)