Sterling continuing to head lower ahead of Wednesday’s London market session, as Brexit concerns continue to weigh. UK inflation figures are due early at 08:30 GMT, but the bears are already in control. A positive reading could put a floor under current losses. Daily candles have the pair in a confirmed downside move from a lower high, and the year’s low is close to breaking. GBP/USD Chart, 15-Minute Spot rate: 1.3095 Relative change: -0.15% High: 1.3116 Low: 1.3093 Trend: Bearish Support 1: 1.3067 (previous day low) Support 2: 1.3049 (2018 low; major technical bottom) Support 3: 1.2972 (S2 weekly pivot) Resistance 1: 1.3153 (38.2% Fibo retracement level) Resistance 2: 1.3200 (major technical level) Resistance 3: 1.3292 (current weekly high) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: CPI to pick up to 2.6% y/y in June – TDS FX Street 5 years Sterling continuing to head lower ahead of Wednesday's London market session, as Brexit concerns continue to weigh. UK inflation figures are due early at 08:30 GMT, but the bears are already in control. A positive reading could put a floor under current losses. Daily candles have the pair in a confirmed downside move from a lower high, and the year's low is close to breaking. GBP/USD Chart, 15-Minute Spot rate: 1.3095 Relative change: -0.15% High: 1.3116 Low: 1.3093 Trend: Bearish Support 1: 1.3067 (previous day low) Support 2: 1.3049… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
