1,6090. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum.
Resistances
1,6160 - 1,6300
Supports
1,6060 - 1,6000

tags: Forex, gbpusd
author: Arnaud Jeulin
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