1,5297. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,5360 (63 pips). If the resistance is broken then the target will be 1,6000 (703 pips).
We are waiting for a break of the resistance to take a long position.
1,5360 - 1,5585
1,5140 - 1,4985