GBP/USD Technical Analysis: Bulls trying to close the gap into 1.2950

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  • 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 Chart, 15-Minute


	GBP/USD Technical Analysis: Bulls trying to close the gap into 1.2950

Spot rate:  1.2930
Relative change: 0.14%
High: 1.2933
Low: 1.2911
   
Trend: Bullish
   
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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