1,9477. GBP USD broke 1,9500 support. 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. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue on 1,9400 support.
=> We could take a short position at 1,9480. We will put the stop loss above 1,9515 (-35 pips). The targets are 1,9430 (+50 pips) 1,9400 (+80 pips) 1,9370 (+110 pips).
Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following):
4.
- Resistances
- 1,9515 - 1,9560
- Supports
- 1,9465 - 1,9400
