1,6401. GBP USD broke 1,6350 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,6420 (19 pips). The price should consolidate. If the support breaks then the target will be 1,6600 (199 pips).
Resistances
1,6420 - 1,6550
Supports
1,6350 - 1,6230

tags: Forex, gbpusd
author: Arnaud Jeulin
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