Trading Setups / Chart in Focus:
GBPUSD – Sterling/dollar stuck in trading range
The GBPUSD is still stuck in a trading range between about 1.5900 – 1.6260. Until we break outside of this range one way or the other, or get a price action signal from one of the boundaries of the range, there’s not much to do. Price has shown strength this week off 1.5900 support and could challenge 1.6260 resistance again before moving lower.
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