The GBPUSD is lagging other USD majors. A range has taken hold between 1.6660 and 1.6260. On intraday charts, the consolidation looks like an inverse head and shoulders. Trading through the top of the range exposes Fibonacci resistance at 1.6793 followed by the 2009 high at 1.7047. Looking out further, targets in the event of a breakout are round number resistance at 1.7500 and Fibonacci resistance at 1.8238 (intersects with potential trendline resistance at the end of September).