1,5854. 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 high. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a resistance below 1,5920 (66 pips).
Resistances
1,5920 - 1,6090
Supports
1,5770 - 1,5500

tags: Forex, gbpusd
author: Arnaud Jeulin
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