- 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
|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)|