1,9440. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue on 1,9400 (40 pips) support. We won't take a position. The risk/reward ratio is too high to take a position..
1,9485 - 1,9550
1,9425 - 1,9400