GBPUSD Maintains a Hold Above 1.3300

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The British pound sterling continues to trade flat from last week.

Price action is not making any new highs, leading to a consolidation. The support level near 1.3300 is holding up for the moment.

However, if price action fails near this support, then we could expect to see some strong declines.

For the moment, the consolidation is taking place between the trendline resistance and the horizontal support.

The Stochastics oscillator is also rather mixed, suggesting that the risks are equally balanced.

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