GBP/USD 1H chart 1/24/2013 7:30AM EST Consolidation: GBP/USD has been in a consolidation range this week as you can see in the 1H chart. The range is roughly between 1.5893 and 1.5804 . While this week’s price action is directionless, there is a slight bearish bias in the short-term as the trend is to the downside entering this week. You can tell by the way the moving averages were aligned before some of them started to converge, yet the 200-hour SMA is still above price action. The RSI has
