The GBPUSD has traveled in a tight range this week. The pair appears to be in the process of inside day. This adds to the importance of the high and low of the week. The high is at 1.6272 and the low is around 1.6210. A break of either of these ranges could indicate a move higher or lower. A push towards above the top of the range could lead to a test of the 1.64 region. A break below the weekly low could run towards the monthly descending trend line that use to be resistance that is now support around 1.6130. Bank of England minutes are on tap in Early trading Wednesday at 8:30 GMT.
Keane Plan. the plan is simple...Waiting for a break above or below the weekly range. Below target 1.6130, above could run towards 1.64.
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