The GBPUSD broke below its consolidation zone in early New York trading Wednesday. The cross could not maintain it's gains and moved back up to consolidate around 1.60. The pair is now once again in the chop zone between 1.60/1.6050. It would take a break back below 1.5966 to restart the push lower towards 1.59.
Res Daily Channel support at 1.6050
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