1,6242. GBP USD is in a range between 1,6155 and 1,6385. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, daily ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,6155 / 1,6385 range.
Resistances
1,6265 - 1,6385
Supports
1,6220 - 1,6155

tags: Forex, gbpusd
author: Arnaud Jeulin
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