1,6538. GBP USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,6475 and 1,6540. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.
- 1,6550 - 1,6600
- 1,6445 - 1,6365