GBP/USD continues its slow chop as it fell again today. The range has been from 1.60 and up – gradually getting higher every time. Because of this – selling is difficult as you never really know when this move gets serious. Until then, waiting on a larger pullback to the 1.60 would be ideal. However, this pair is probably the least interesting for most traders at the moment as it is in the middle of its range. Sitting on your hands for a while is probably the prudent thing to do.
Originally posted here
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