1,9625. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The target is expected at 1,9400.
=> We could take a short position at 1,9625. We will put the stop loss above 1,9680 (-55 pips). The targets are 1,9500 (+125 pips) 1,9400 (+225 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,9670 - 1,9745
1,9600 - 1,9575