The British Pound is aiming to advance within its range, still confined below the 1.5200 figure.
As for the GBP/USD pair technical picture, there has been no progress over the last 24 hours, as the 4 hours chart shows that the price continues consolidating near its recent 4-month low of 1.5106, whilst the technical readings lack directional strength, remaining flat in neutral territory. The pair has traded as high as 1.5247 this week, also the 23.6% retracement of its latest bearish run, which means only a clear break above it will lead to a steady advance up to the 1.5300 price zone.
Below the daily low of 1.5130, the pair can retest the 1.5100 level, but it will take a break below it to confirm a continued decline, with the immediate support then at 1.5050.
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