1,9904. 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 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,9830. The uptrend should continue to gather momentum.
=> We could take a long position at 1,9890. We will put the stop loss below 1,9830 (-60 pips). The targets are 2,0000 (+110 pips) 2,0180 (+290 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9925 - 1,9950
1,9880 - 1,9830