1,6234. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a support above 1,6130 (104 pips). The consolidation should continue.
Resistances
1,6285 - 1,6400
Supports
1,6130 - 1,6075

tags: Forex, gbpusd
author: Arnaud Jeulin
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