1,9922. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,9840 and 2,0000. The volatility decreases. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,9840. The uptrend should continue to gather momentum.
=> We could take a long position at 1,9880. We will put the stop loss below 1,9840 (-40 pips). The targets are 2,0000 (+120 pips) 2,0050 (+170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,9950 - 2,0000
1,9890 - 1,9840