1,9480. 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. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The price should find a support above 1,9400 (75 pips). We won't take a position. The risk/reward ratio is too high to take a position..
- 1,9525 - 1,9600
- 1,9450 - 1,9400