1,6305. GBP USD is in a consolidation after the last bearish movement. The price is just above 1,6250 support. The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6250 (55 pips). The downtrend seems to be finished. The price has a good probability to go up.
Resistances
1,6350 - 1,6430
Supports
1,6260 - 1,6230

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