GBP/USD Technical Analysis: Bulls still on the sidelines ahead of US NFP

• Technicals leaning oversold following Sterling drop in Asia session.
• Sterling still favors selling off, gains remain limited.
• Market sentiment is cautious ahead of Friday's Non-Farm Payrolls risk event.

GBP/USD chart, 15-minute

Spot rate: 1.3263
Relative change: -0.22%
Today's high: 1.3300
Today's low: 1.3257

Trend: bearish

Support 1: 1.3257 (current Friday's low)
Support 2: 1.3204 ((May 29th low, six-month low)
Support 3: 1.3167 (1-Week S2 pivot)

Resistance 1: 1.3322 (1-Day 38./2% Fibonacci level)
Resistance 2: 1.3283 (50-period exponential moving average)
Resistance 3: 1.3300 (current Friday high, major psychological handle)