The GBP/USD continues consolidating on the daily chart

The Pound versus the Dollar keeps oscillating between the 1.5100 zone and the 1.5200 level. The pair has found a good support on the 1.5100 and the longer the price stays consolidating around this area, the stronger the movement may be when the price breaks out of consolidation. We can also notice on the daily candles that there has been a lot of volatility lately, due to the relatively long shadows. However, if we see a breakout to the downside, we should wait for confirmation of the breakout and then the pullback to this same area for a possible short entry.