GBPUSD moved sideways in a trading range between 1.4332 and 1.4769.

The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is possible.

Key support is at 1.4332, only break below this level will indicate that the uptrend is complete, then the following downward movement could bring price back to 1.3000 zone.

Editor’s Note: Equity investors/traders can use the Currency Shares British Pound Sterling Trust (FXB, quote) ETF to take positions in the yen without a FOREX account.  The ETF looks to track the price of the British Pound Sterling (GBPUSD), minus ETF fee. The fund seeks to reflect the price of the British Pound Sterling (GBPUSD) with the shares representing a cost-effective investment relative to investing in the FOREX market.

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