1,9784. 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. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,9760. The uptrend should continue to gather momentum.
=> We could take a long position at 1,9780. We will put the stop loss below 1,9750 (-30 pips). The targets are 1,9850 (+70 pips) 1,9900 (+120 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,9800 - 1,9850
1,9760 - 1,9710