GBPUSD: trapped in a short term range
The GBPUSD it’s been trading in a short term range since last Thursday:
So right know these are the possibilities:
If the GBPUSD breaks the green resistance level, it will trigger a bullish market condition
If the GBPUSD breaks the green support level, it will trigger a bearish market condition
If the Pound-dollar keeps trading in between both green lines, range trading is the way to go.