1,9633. GBP USD broke 1,9700 support. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The target is expected at 1,9400.
=> We could take a short position at 1,9640. We will put the stop loss above 1,9670 (-30 pips). The targets are 1,9550 (+90 pips) 1,9400 (+240 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 1.
1,9650 - 1,9700
1,9600 - 1,9550