The GBPUSD extended the months trading range to the 1.5736 level (above the 1.5620 high from July 2) but has fallen short of the target at the 1.5748 (200 day MA – green line in the chart above).
The fall from the high is back below the 1.5720 level currently. This takes some of the bullishness from an intraday basis. I would not be surprised to see sellers wrestle some control now with support at the 1.57048 being a level to eye for further corrective potential.
