1,6505. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 4H, daily ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should continue to move in Bollinger bands.
Resistances
1,6550 - 1,6620
Supports
1,6470 - 1,6340

tags: Forex, gbpusd
author: Arnaud Jeulin
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