• GBP/USD wilts to 1.3354 after opening 1.3369; well-capped

• Bollinger uptrend channel rejected two rally attempts Thur-Fri

• Just above it, 200 and 100 DMA converge around 1.3400 barrier

• Additionally, Ichimoku cloud reinforces psychological barrier

• Barring a strong negative-USD catalyst, GBP/USD may recoil

• Consolidation toward 21 DMA 1.3303 appears likely ahead
GBP


(Ewen Chew is a Reuters market analyst. The views expressed are his own.)