Since September 14th, Gbp continues to consolidate within a tight range; not going above 1.3500 or below 1.3475. Unless there's a clear break out of this range, I choose to remain flat or trade reversals . If a break to the lower side is seen, then the price could plummet towards 1.3198. A breakout to the upper side will push the price upside with my take profit fixed at 1.3700. As it is, if you're not flat, then you should focus on trading reversals and if the price breaks out of this range, then enter a trade depending on the direction of breakout.
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