• Cable consolidating quietly, spot pinned in a tight 1.3422-40 range

• Key downside support at 1.3390-1.3400 (200-day MAs), topside resistance at 1.3500

• Oil stabilising after yesterday's selloff, should cap GBP/USD upside on rebounds

• Little to suggest a breakout ahead of Friday's payrolls print

• Price action continues to favour a near-term rangebound setup
GBPUSD daily chart


Justin McQueen is a Reuters market analyst. (The views expressed are his own). ((Email: ))