Being contained by 1.6662 previous high resistance, GBPUSD pulled back from 1.6618 last week. Range trading between 1.6240 and 1.6662 could be seen later today. As long as 1.6240 support holds, we€™d expect uptrend to resume, and rise above 1.6662 would more likely be seen. However, below 1.6240 will take price back to sideways consolidation between 1.5801 and 1.6662.
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