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GBP/USD Ranging Between 1.5730 and 1.5635

posted by Avatar FXTimes 354 days ago in USD, GBP, Technical made popular 354 days ago

he GBP/USD is consolidating in a range between a 1.5720-1.5730 resistance area and 1.5635-1.5640 support area. The 1H chart shows the range the fact the the market had just respected range resistance in the 5/29 European session. The 1H RSI reading has been held between 40 and 60, also a sign for range-bound momentum...
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