1,9473. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 1,9500. The downtrend should continue to gather momentum.
=> We could take a short position at 1,9480. We will put the stop loss above 1,9520 (-40 pips). The targets are 1,9400 (+80 pips) 1,9350 (+130 pips) 1,9200 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9500 - 1,9550
1,9450 - 1,9400