GBP/USD:The
market has mostly been locked in some sideways chop over the past few
weeks with any rallies very well capped ahead of 1.5800 and setbacks
supported on dips below 1.5300. Until either side is convincingly
broken, we would expect to see additional range trade. Therefore the
preferred strategy is to look to buy range dips and sell by range highs.
Only a weekly close above 1.5800 or below 1.5250 would give reason for
outlook shift.
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