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Forex pairs in this Article » GBP/USD (Barcelona) - UOB Group Strategists feel that GBP/USD is likely in a 1.6300 to 1.6520 consolidation range.

Key Quotes

“While the strong support at 1.6320 was marginally taken out with a low of 1.6310 last Friday, the strong surge higher suggests that GBP is still likely caught in a consolidation range.”

“Only a clear move out of the expected 1.6300 to 1.6550 range will lead to a more sustained move.”

“Supports: 1.6380, 1.6300. Resistants: 1.6480, 1.6520”
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