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.
- 1,6450 - 1,6595
- 1,6380 - 1,6295