GBP/USD Technical Analysis: Sterling bracing for UK GDP

• Brexit concerns may have been assuaged for the time being with a tentative plan by the EU to begin meeting the UK halfway on certain topics.
• UK GDP figures will be kicking off the new trading week, forecast to climb to 0.3% (previous 0.1%) at 08:30 GMT.
• Traders are waiting for market sentiment to pick a direction for the week as trade wars and negotiations across the globe hang over risk sentiment.

GBP/USD Chart, 15-Minute

Spot rate:	1.2913
Relative change:	-0.05%
High:	1.2931
Low:	1.2907
Trend:	Sideways to bearish
Support 1:	1.2907 (current day low)
Support 2:	1.2785 (previous week low)
Support 3:	1.2700 (major technical level)
Resistance 1:	1.2942 (200-period H4 EMA)
Resistance 2:	1.2982 (61.8% Fibo retracement level)
Resistance 3:	1.3028 (previous week high)

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