1,6104. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,6140 (36 pips). The downtrend should continue to gather momentum.
- 1,6140 - 1,6300
- 1,5985 - 1,5900