1,4674. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,4800 (126 pips). The consolidation should continue. If the resistance breaks then the target will be 1,4950 (276 pips).
- 1,4780 - 1,4800
- 1,4585 - 1,4400