1,6779. GBP USD broke 1,6900 support. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6750 (29 pips). If the support breaks then the target will be 1,6620 (159 pips).
1,6900 - 1,7030
1,6750 - 1,6620

tags: Forex, gbpusd
author: Arnaud Jeulin
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