The GBPUSD cross did not join the party lower on Tuesday. This was most likely due to declines in the EURGBP. The technical outlook for the pair has not changed over the last week. The cross is in a range with support at 1.5475 and resistance at 1.5550. If the pair breaks below support at 1.5475 we could see a move towards 1.54.
Sup 1.5475 1.54
Plan: Play the range.
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