• Sterling was firmer on Monday against the dollar, rose 0.3 percent to peak at 1.5804 
  
  
• Cable slightly weaker on the day, currently trades rangebound with day's high at 1.5776 and a low of 1.5744
  
  
• In the absence of a major market moving UK data, the GBP traders are likely to track the sentiment across major European equity markets
  
  
• GBP/USD is currently trading at 1.5759, with immediate resistance seen at 1.5788 (76.4% of 1.5930 - 1.5330), followed by 1.5789 (Daily High Jun 29)
  
  
• On the other hand, support is seen at 1.5750 (23.6% of June rally) and then at 1.5678 (100 HMA)
  
  

Resistance Levels:

R1: 1.5788 (76.4% of 1.5930 - 1.5330)

R2: 1.5789 (Daily High Jun 29)

R3: 1.5803 (Daily High Jun 24)

Support Levels:

S1: 1.5750 (23.6% of June rally) 

S2: 1.5678 (100 HMA)

S3: 1.5650 (200 HMA)