Trading in a range | 20 November 2013
20 November 2013, GBP/USD
GBP/USD is consolidating at the 1.6110 mini-range highs. It temporarily broke above the highs but failed to push higher, correcting back down to support instead. There is a possibility it might fall to the range lows at 1.5855 but a break below 1.6050 would provide useful confirmation of such a move. Equally there is a possibility that the pair will continue higher, moving up to the higher range-highs at 1.6255, with confirmation coming from a move above 1.6155.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
