1,6505. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The consolidation should continue. The price should find a support above 1,6480 (25 pips). If the support breaks then the target will be 1,6260 (245 pips).
Resistances
1,6605 - 1,6665
Supports
1,6480 - 1,6280

tags: Forex, gbpusd
author: Arnaud Jeulin
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