The GBPUSD consolidated around the 1.58 level Monday. Support rest at the .50 Fib from the May Highs at 1.5782. A move to this level could spark buying interest. Resistance begins at the .618 fib at 1.5904. The 50 Fib at 1.5782 should act as pivot. A break of that level could attract price support at the .382 fib at 1.5660. As you can see it is still a Fib affair.
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