GBP/USD Weekly Outlook

GBP/USD recovered mildly last week and the development argues that consolidation pattern from 1.2794 is still in progress. Above 1.3480 will bring stronger rebound. But in that case, upside should be limited by 50% retracement of 1.5016 to 1.2794 at 1.3905 to bring down trend resumption. On the downside, break