GBP/USD Technical Analysis: Bulls trying to close the gap into 1.2950
- The Sterling remains weakened by bearish Brexit headlines over the weekend, but bulls are determined to close the week's opening gap.
- A push towards 1.30 will see the pair shake out the current bearish pressure and get a bullish correction back on track.
- Economic data on the UK side is thin for the early week, and traders will have to chew on growing fears of a messy Brexit.
GBP/USD Technical Levels
Spot rate: 1.2930
Relative change: 0.14%
Support 1: 1.2911 (current day low)
Support 2: 1.2854 (previous week low)
Support 3: 1.2661 (major technical bottom)
Resistance 1: 1.2960 (previous week close)
Resistance 2: 1.2992 (61.8% one-week Fibo retracement level)
Resistance 3: 1.3043 (four-week high)
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