GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050, as long as these levels hold, the sideways move could be treated as consolidation of the downtrend from 1.5016 (Jun 24, 2016 high), and further decline to 1.1500 area is still possible after consolidation. Only break above 1.3050 key resistance could signal completion of the downtrend.
