Two weeks ago, I have warned that GBPUSD will start to move in a sideways formation and that was to be expected due to low volatility month. Inflation data from UK is due on Tuesday and most important thing BoE is focused at this point is improving labor and inflation data. Technically we see a rectangle formation on H4 time frame, and there is a host of historical sellers up there. 1.5690-1.5705 ( rectangle top sellers, historical sellers, H3 ) POC could be good for shorts towards 1.5580 and
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