1,9508. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,9400 and 1,9550. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,9550. The downtrend should continue to gather momentum.
=> We could take a short position at 1,9520. We will put the stop loss above 1,9560 (-40 pips). The targets are 1,9450 (+70 pips) 1,9400 (+120 pips) 1,9200 (+320 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,9550 - 1,9650
1,9450 - 1,9400