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- 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)
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)
