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.

Chop Zone....1.60/1.6050

Sup   1.5965

Res   Daily Channel support at 1.6050

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