FXstreet.com (Barcelona) - The Pound moved within a 100 pips range during Thursday's Asian session from lows at 1.3820 to resistance level at 1.3920.
According to the Mataf.net technical analysis team the Pound should continue consolidating at current levels unless a drop lower occurs: GBP USD is in a consolidation after the last bearish movement. The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,3650 / 1,3900 range. If the support breaks then the target will be 1,3000 (861 pips).