I think the GBP/USD is in a wide consolidation phase roughly between 1.53/1.63 and this phase may well continue for some weeks to come. I remain bullish however and I think the break higher may come a bit sooner than that. A break above 1.63 would open the way for a move towards the 200-week MA at 1.7220 and a measured move to 1.7300.
