1,6401. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6345 (56 pips). If the support breaks then the target will be 1,6300 (101 pips).
1,6440 - 1,6600
1,6345 - 1,6300

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