The GBPUSD has taken it slow and easy so far this week. The pair has spent the majority of its time in a narrow 75 pip range. The cross has remained below the 50 fib at 1.5903 but has not been able to test the .618 fib at 1.5808. Heading into the close on Thursday the pair is sitting mid-range. As long as the cross remains below the 50 fib a move towards 1.58 is favored. A break above the 50 fib opens up the cards a bit and a retrace towards resistance at 1.5960 and 1.60 could play out.
Sup 1.5808 (.618 Fib)
Res 1.5903 ( 50 Fib) 1.5960 1.60
Keane Plan....A favoring a move lower as long as the pair remains below the 50 fib.
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