1,6196. GBP USD is in a range between 1,6155 and 1,6385. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6150 (46 pips). If the support breaks then the target will be 1,6080 (116 pips).
Resistances
1,6255 - 1,6385
Supports
1,6155 - 1,6080

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