Being supported by the lower border of the falling price channel on daily chart, GBPUSD movement sideways in a range between 1.4230 and 1.4527. A break below 1.4230 will signal resumption of downtrend from 1.5522, then target would be at 1.4000 area. Resistance is at 1.4527, above this level will bring price to 1.4800 area.

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