The Pound sterling rose slightly higher into Friday’s close after slipping to the lower end of its range at 1.2277 last week.
Price action in GBPUSD remains flat towards the upper end of the range at 1.2485.
The Stochastics positioning could suggest a move to this level once again. But the overall flat price action will most likely remain.
On the daily chart, GBPUSD is consolidating into a broadening wedge pattern.
This could suggest an imminent break out to the downside.
