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GBP/USD enters consolidation mode below 1.3300 Ani Salama

GBP/USD has entered a quieter phase on Friday after suffering another setback the previous day when BoE Governor Carney signalled further monetary stimulus on the road on the back of last week’s Brexit vote.After hitting a 31-year low last Monday, GBP/USD seems to have found a comfort zone between 1.3200 and 1.3500. As investors realize it might take a while before the European Union and the UK agree on the conditions of the Brexit, financial markets volatility eased over the last days. However, Carney comments on Wednesday pushed the pair a tad lower.Cable is currently trading at the 1.3285 zone, virtually unchanged on the day but still 2.6% down this week.GBP/USD levels to considerIn terms of technical levels, next supports could be found at 1.3205 (Jun 30 low), 1.3119 (31-year low, Jun 27) and 1.3100 (psychological level). On the other hand, resistances are seen at 1.3348 (Jul 1 high), 1.3493/1.3500 (Jun 30 high/psychological level) 1.3532 (Jun 29 high) and then 1.3835 (Feb 29 2016 low).



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