STERLING CONTINUES TO RANGE TRADE

The British pound continues to trade within its well established short-term range against the greenback, as the US dollar index consolidates from elevated levels. The GBPUSD pair currently trades around the 1.3500 level, as traders look for a clear break of the weekly trading-range between the 1.3540 to 1.3606 levels. Sterling traders may also be cautious as the United Kingdom economy releases a slew of high-impacting macroeconomic data next week.

• The GBPUSD pair remains intraday bearish while trading below the 1.3500 level. Key support is found at the 1.3475 and 1.3450 levels.

• The GBPUSD pair remains intraday bullish while trading above the 1.3500 level, key resistance is found at the 1.3537 and 1.3568 resistance levels.