1,4922. GBP USD broke 1,4740 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,5000 (78 pips). If the resistance is broken then the target will be 1,5200 (278 pips).
We are waiting for a break of the resistance to take a long position.
Resistances
1,5000 - 1,5100
Supports
1,4850 - 1,4740