1,9430. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The price should find a support above 1,9400. If the resistance is broken then the target will be 1,9200 (230 pips).
=> We could take a short position at 1,9430. We will put the stop loss above 1,9475 (-45 pips). The targets are 1,9330 (+100 pips) 1,9240 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9450 - 1,9475
1,9400 - 1,9330