FXstreet.com (Barcelona) - After today's rally of around 170 pips from the 1.3980 to the 1.4150 resistance level, the GBP/USD has begun to falls in the early American session to be trade around the 1.4100 level.
The GBP/USD broke the 1.4135 after the US opening bell, but in its attempt to break the 1.4150 resistance, the pair has fallen 50 pips to 1.4095 level.
Currently, the GBP/USD is trading around the 1.4000/1.4115 band.
According the Mataf.net team, the GBP/USD is in an downtrend, but it is in an consolidation movement: 1,4114. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,4150 (36 pips). The downtrend should continue to gather momentum.