1,6998. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 1,6930 (68 pips). The uptrend should continue to gather momentum.
Resistances
1,7040 - 1,7120
Supports
1,6890 - 1,6680

tags: Forex, gbpusd
author: Arnaud Jeulin
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