GBPUSD is in consolidation of the downtrend from 1.3444. Range trading between 1.2050 and 1.2600 would likely be seen over the next several weeks. Resistance is at 1.2600, as long as this level holds, the downtrend could be expected to resume after consolidation, only a break of 1.2600 level could signal completion of the downtrend.
One new broker has been added to the list of FX companies on our website this week:
Global Prime — a regulated Australian broker with MT4 platform and $500 minimum account size. It offers very low fixed spreads but charges commission for trading. The maximum leverage is 1:200.…