Trendsharks

New Range on the GBPUSD Pair

OANDA:GBPUSD   British Pound / U.S. Dollar
The price action of the GBPUSD is currently consolidating in a tight range spanning between the 23.6 per cent Fibonacci at 1.36121 and the 38.2 per cent Fibonacci at 1.35260.

This range is likely to remain active over the next several days given the top-tier releases in the economic calendar for next week.

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