The GBPUSD spent the majority of the day Thursday in a narrow 40 pip range. Heading into the close of trading in New York the pair is trying to rally back above 1.62. A move back above 1.6235 could negate the negative momentum and turn the cross higher once again. Targeting the weekly high at 1.6272. A break of the daily low at 1.6170 targets a move lower to end the week. Support begins at the descending trend line at 1.6125 followed by daily support at 1.6050.
Sup 1.6170 1.6125 1.6050
Res 1.6235 1.6272
Keane Plan....Watching the highs and lows of the current range. Support is at 1.6170 and resistance is at 1.6235. Looking for a break.
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