1,6496. GBP USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,6460 and 1,6520. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. If the support breaks then the target will be 1,6380 (116 pips).
- 1,6535 - 1,6655
- 1,6460 - 1,6400