GBPUSD Waiting on the News

The GBPUSD started the week in a rather narrow trading range.  The pair has a bit of news ahead of it that may have traders sidelined.  On Wednesday the Bank of England Minutes will be released and on Tuesday CPI and Net borrowing reports are due.  In the meantime support can be found at the 50 fib from Jan lows at 1.5766 followed by daily support at 1.5730.  Daily resistance rest at 1.59.

Sup      1.5766/30

Res       1.59

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