1,5126. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4980 and 1,5160. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5160 (34 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5300 (174 pips).
- 1,5160 - 1,5200
- 1,5100 - 1,4980