GBP/USD Technical Analysis: Sterling floating near channel highs ahead of quiet UK session

  • Sterling continues to trade into the high end of a rising channel.
  • Directional bias is likely to flatten out ahead of Brexit developments next week.
  • Thin data for the UK's Thursday session leaves US jobless claims in the driver's seat.

GBP/USD Chart, 1-Hour

Spot rate: 1.3434
Relative change: 0.17%
High: 1.3438
Low: 1.3409

Trend: Bullish

Support 1: 1.3395 (50-Hour EMA) 
Support 2: 1.3375 (June 6th low)
Support 3: 1.3294 (current week's low)

Resistance 1: 1.3443 (current week's high)
Resistance 2: 1.3491 (May 22nd swing high)
Resistance 3: 1.3500 (R3 1-Day pivot)

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