27 Jun 2018
GBP/USD Technical Analysis: Sterling close to 1.32 ahead of BoE's Mark Carney
- Sterling running out of bullish feelings as the GBP/USD continues to drop away from the week's high.
- Hourly indicators have been lifting towards midpoints, but little upwards momentum has been seen, a reloaded short push for Wednesday looking likely.
- Short traders should keep a cautious eye out for today's speech from the BoE's Carney, Financial Stability Report could deliver a hawkish tone.
GBP/USD Chart, 1-Hour
| Spot rate: | 1.3226 |
| Relative change: | 0.08% |
| High: | 1.3230 |
| Low: | 1.3210 |
| Trend: | Bearish |
| Support 1: | 1.3192 (current week low) |
| Support 2: | 1.3183 (61.8% one week Fibo level) |
| Support 3: | 1.3101 (major technical bottom) |
| Resistance 1: | 1.3314 (previous week high) |
| Resistance 2: | 1.3381 (R3 daily pivot) |
| Resistance 3: | 1.3291 (current week high) |