1,6434. GBP USD is in a range between 1,6405 and 1,6665. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,6400 (34 pips). If the support breaks then the target will be 1,6250 (184 pips).
Resistances
1,6480 - 1,6525
Supports
1,6405 - 1,6350

tags: Forex, gbpusd
author: Arnaud Jeulin
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