- Sterling catching lift from market sentiment remaining bullish from Friday’s upbeat jobs report.
- Intraday technical indicators are rotating towards oversold territory in easy-moving pre-London markets.
- UK Construction PMIs early on could provide continued lift if numbers don’t contract as much as expected.
Spot rate: 1.3367
Relative change: 0.26%
Day’s high: 1.3377
Day’s low: 1.3332
Trend: Bullish
Support 1: 1.3358 (50-period exponential moving average)
Support 2: 1.3332 (current day’s low)
Support 3: 1.3254 (Friday’s swing low)
Resistance 1: 1.3480 (April’s consolidation lower bound)
Resistance 2: 1.3631 (50-day moving average)
Resistance 3: 1.3500 (R3 1-Day pivot point)
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