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  • The US Dollar is seeing a soft walkback across the G10 broader market, but the Sterling remains subdued as Brexit concerns keep the Pound on the downside.
  • Yearly lows for the pair remain close by, and bearish pressure remains taut.
  • The last swing high broke a long pattern of lower highs, and a bullish turnaround from here could kick off a new bull run.on higher timeframes.

GBP/USD Chart, 15-Minute

Spot rate:   1.3205
Relative change:   Negligible
High:   1.3209
Low:   1.3188
   
Trend:   Bearish
   
Support 1:   1.3168 (61.8% Fibo retracement level)
Support 2:   1.3094 (previous week low)
Support 3:   1.3049 (2018 low)
   
Resistance 1:   1.3285 (previous day high)
Resistance 2:   1.3317 (R2 daily pivot)
Resistance 3:   1.3361 (current week high)