GBPUSD (1.3918): The British pound closed on Friday with the doji but price action was supported above the 1.3902 level of support. Although price action has failed to post any big gains above this level we expect the consolidation to continue in the short term. Any near-term dips could send the British pound to retest the 1.3902 level while to the upside the price area of 1.4000 could potentially be tested following the breakout after the bullish ascending triangle pattern
