1,5338. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,5350 (12 pips). The consolidation should continue. If the resistance breaks then the target will be 1,5500 (162 pips).
- 1,5350 - 1,5410
- 1,5250 - 1,5115