1,9846. GBP USD broke 1,9770 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. 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 1,9900. The consolidation should continue. If the resistance is broken then the target will be 2,0160 (290 pips).
We are waiting for a break of resistance to take a long position.
1,9900 - 2,0160
1,9800 - 1,9770