Yesterday's trading range was a narrow one. Prices of GBP/USD fluctuated around the key 13 day moving average and tightly within Friday’s parameters – an ‘Inside’ day that reflects indecision. However, Asia has attracted fresh buying interest and although this remains modest and likely to be temporary in the short-term, it does leave immediate signals for sentiment as mildly positive.
A move through 1.6877 would confirm this bias and expose sentiment towards 1.6918 and 1.6939.