GBPUSD is caught in a range. Following the June 1 close above 1.3300, buyers swooped in to support prices between the 4th and 5th; no surprise there.
That exposed the 1.3460 resistance level which was tested as such on Thursday.
For the week ahead, a daily close above 1.3460 would expose the next key resistance at 1.3600. This area served as the range top between the 9th and 14th of May.
Alternatively, a daily close back below the 1.3300 handle would turn our sights back to the current 2018 low at 1.3204.
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