The GBPUSD has traded sideways in a consolidation zone to start the week. similar to the EURUSD A break of the range could dictate the price action to start the week. A break below range support at 1.62 could lead to a test of the descending trend line at 1.6130 This level is past resistance and could act as support in the future. A push above the top of the range at 1.63 could lead to a test of the 1.64 level. At 8:30 GMT Tuesday the Consumer Price Index report is due.
Sup 1.62 1.6130
Res 1.63 1.64
Keane Plan....Waiting for a break of the opening range.
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