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GBP/USD Technical Analysis: Sterling floats on 1.34 as technical correction stalls out

  • GBP/USD remains supported by rising trendline, but bulls might be out of gas on technical correction.
  • MACD and slow Stochastics are mixed, both nearing midline/indecision.
  • Traders will be awaiting results of key Brexit votes in the UK's parliament this week.

GBP/USD Chart, 1-Hour

Spot rate: 1/3407
Relative change: Negligible
High: 1.3424
Low: 1.3404

Trend: Bullish

Support 1: 1.3354 (Friday low)
Support 2: 1.3295 (one week low)
Support 3: 1.3204 (2018 low, May technical bottom, major handle)

Resistance 1: 1.3439 (Friday high)
Resistance 2: 1.3470 (one week high)
Resistance 3: 1.3569 (May swing high)

Germany EconMin Altmaier: EU will defend its interest against US tariffs

Europe ready to talk about imbalances in trade, says Germany's economy minister Peter Altmaier while speaking to DLF radio this Monday. Key quotes:
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Denmark Inflation (HICP) (YoY) increased to 1% in May from previous 0.7%

Denmark Inflation (HICP) (YoY) increased to 1% in May from previous 0.7%
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