1,9695. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 1,9750.
=> We could take a short position at 1,9715. We will put the stop loss above 1,9755 (-40 pips). The targets are 1,9600 (+115 pips) 1,9500 (+215 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9730 - 1,9750
1,9680 - 1,9650