GBP/USD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week.

A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low) had completed at 1.4345 already, then next target would be at 1.3500, followed by 1.3000.

On the upside, as long as 1.3711 support holds, the price action in the range would possibly be consolidation for the uptrend, and a breakout of 1.4345 resistance could trigger another bullish movement towards 1.5000.

GBPUSD daily chart

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