1,6716. 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. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6600 support (116 pips).
Resistances
1,6725 - 1,6815
Supports
1,6650 - 1,6610

tags: Forex, gbpusd
author: Arnaud Jeulin
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