The GBP/USD has been dealing with a short term resistance level at 1.5250 over the last day or so which has eventually worn it down and seen it ease off a little back down below 1.52. For the last half day or so, the GBP/USD has been consolidating within a narrow trading range roughly between 1.5170 and 1.5180, which is where it presently sits. The GBP/USD started this week off on the right foot by continuing to push higher and sustain its clear break from the consolidation area around 1.51, and in doing so, it moved to around 1.5260 and a four week high. After spending most of last week moving very little and ... (full story)