GBPUSD moved sideways in a trading range between 1.2661 and 1.3298. The price action in the range is likely consolidation for the downtrend from 1.4376 and another fall could be expected after the consolidation.
Support is at 1.2661 and a breakdown below this level could signal resumption of the downtrend. Resistance is at 1.3298, above this level would aim 1.3400 zone.
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