1,9627. GBP USD is in a range between 1,9600 and 1,9750. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should continue to move in 1,9600 / 1,9750 range. If the support is broken then the target will be 1,9400 (225 pips).
We are waiting for a break of support to take a short position.
1,9655 - 1,9750
1,9600 - 1,9520