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Here is the English version of the article, without the HTML tags: FX168 Financial News (Hong Kong) - On Monday (February 25) during the Asian session midday, GBP/USD was hovering around 1.3065. The previous trading day saw significant volatility in the exchange rate, with the price briefly dipping to a low of 1.2966 before rebounding sharply. The pair ultimately closed slightly higher at around 1.3050. Last week, GBP/USD experienced relatively intense fluctuations, with Brexit uncertainty still unresolved, causing investor sentiment to remain unpredictable. After three consecutive weeks of declines, the pair finally rebounded, closing the week in positive territory at 1.3052. The weekly high was 1.3108, while the low touched 1.2889. As more MPs resigned due to disagreements over the Brexit strategy, and with only one month remaining before the Brexit deadline, the ongoing tension surrounding Brexit continues to put some pressure on the pound. This Wednesday, Theresa May will submit a new proposal to Parliament. If it fails to gain support, Parliament may take over the Brexit process. Later today, Bank of England (BOE) Governor Mark Carney is set to speak, though the economic data release schedule is relatively light. As for the upcoming trend in GBP/USD, FXStreet analyst Ross J Burland recently published a brief technical analysis and forecast. His main points are as follows: On the daily chart, the stochastic indicator has entered overbought territory, which may serve as a warning to GBP/USD bulls. Meanwhile, the daily Relative Strength Index (RSI) shows bearish divergence with the current movement of GBP/USD. Support for GBP/USD is located at 1.3010. If this level is broken, the next target is 1.2990. In the longer term, bears are eyeing 1.2783 as their target. A break below this level could trigger a more extended downtrend. Trend: Current price: 1.3065 Daily high: 1.3078 Daily low: 1.3045 20-day moving average: 1.2983 50-day moving average: 1.2871 100-day moving average: 1.2880 200-day moving average: 1.2995 Support levels: 1.3025 1.2990 1.2950 Resistance levels: 1.3090 1.3140 1.3185 At 11:30 Beijing time, GBP/USD was trading at 1.3066/67. Editor: TIER