1,9494. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 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 (90 pips).
=> We could take a short position at 1,9500. We will put the stop loss above 1,9540 (-40 pips). The targets are 1,9450 (+50 pips) 1,9400 (+100 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9530 - 1,9570
1,9465 - 1,9400