1,6413. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should find a resistance below 1,6450 (37 pips). The downtrend should continue to gather momentum.
Resistances
1,6450 - 1,6595
Supports
1,6380 - 1,6295

tags: Forex, gbpusd
author: Arnaud Jeulin
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