GBP/USD – Consolidation most likely; watch 1.6420 by Milan Cutkovic

  • GBP/USD is likely to consolidate further in the coming sessions amid a lack of Tier-1 data releases this week
  • 1.6420/30 is a solid resistance area and offers are reported up there
  • To the downside, 1.6350 is the key intraday support level, followed by 1.63
  • Trading a 1.63-1.6420 range the preferred strategy this week

GBP

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