1,6227. 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 decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,6050 support (177 pips).
Resistances
1,6250 - 1,6305
Supports
1,6160 - 1,6050

tags: Forex, gbpusd
author: Arnaud Jeulin
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