1,6188. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6170 (18 pips). The price should consolidate. If the support breaks then the target will be 1,6100 (88 pips).
1,6280 - 1,6300
1,6185 - 1,6100

tags: Forex, gbpusd
author: Arnaud Jeulin
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