1,4951. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,4980 (29 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5060 (109 pips).
- 1,4980 - 1,5060
- 1,4830 - 1,4700