Flash: GBP/USD trading at long-term resistance – RBS

FXstreet.com (Lisbon) - The RBS Research Team analyzes the outlook of the GBP/USD, coupled with the recent consolidation that has gripped the pair.

Key quotes

The GBP/USD has been very sideways for the last 6 months and as we near the top of the range, resistance should appear around 1.5610/1.5750.

“Any push above there should target a move back towards the old support/resistance lines around 1.60 and at this stage we still feel that any rallies will struggle later in this month.”