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GBP/USD Remains in Flat Consolidation to End Week; 1.5530...

posted by Avatar FXTimes 603 days ago in USD, GBP, Technical made popular 603 days ago

The GBP/USD held its ground to end this week’s trading after rallying for the first half and flattening during the second half. Friday’s price action was about to form a double top, but the support at 1.5530 held again for the third time this week. Note that the RSI in the 1H chart remains stuck between 40 and 60 and reflects trapped, neutral...
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