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  • The Sterling is hesitating in a weak bullish correction, with Brexit concerns overpowering the GBP heading into Friday.
  • US tariffs on China have come into effect, and market sentiment has drawn taut as traders await China’s response.
  • It’s also US NFP Friday, which promises to add volatility to trade war fears.

GBP/USD Chart, 15-Minutes

Spot rate:   1.3218
Relative change:   -0.05%
High:   1.3226
Low:   1.3202
Trend:   Bullish to flat
Support 1:   1.3205 (38.2% Fibo retracement level)
Support 2:   1.3162 (61.8% Fibo retracement level)
Support 3:   1.3094 (current week low)
Resistance 1:   1.3273 (current week high)
Resistance 2:   1.3306 (R2 daily pivot)
Resistance 3:   1.3471 (June high)