FBS: technical picture for GBP/USD
Tatiana Norkina, FBS analyst.
After the upgrade of local extrema above 1.6500 figure, currency pair rate fell below 1.6350 support. Today, however, bears feel insecure - there is a consolidation under 1.6350.
Also note the nature of the histogram MACD, which is configured to cross zero and further growth. In addition, the signal line crossed histogram and began to grow.
Consequently, the probability of breakdown resistance 1.6350 is very high today. In case of overcoming this resistance, growth is possible to reach 1.6480.