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GBP/USD Set to Soar: Here’s Why That 1.3390/1.3465 Range Could Be a Goldmine for Traders Right Now

GBP/USD Set to Soar: Here’s Why That 1.3390/1.3465 Range Could Be a Goldmine for Traders Right Now

Technical target at 1.3320 may not come into view

24-HOUR VIEW: “Following the choppy price action in GBP two days ago, we indicated yesterday that ‘despite the sharp fluctuations, the current price movements are likely part of a 1.3360/1.3460 consolidation phase.’ We did not expect the sharp decrease in volatility, as GBP traded in a quiet manner between 1.3375 and 1.3421, closing unchanged at 1.3418. Further consolidation seems likely, even though the firmer underlying tone suggests a higher range of 1.3390/1.3465.”

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