1,6540. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,6600 (60 pips). The consolidation should continue.
Resistances
1,6605 - 1,6640
Supports
1,6425 - 1,6210

tags: Forex, gbpusd
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.