1,9680. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,9700. The consolidation should continue. If the resistance is broken then the target will be 1,9770. We won't take a position. The risk/reward ratio is too high to take a position..
1,9700 - 1,9770
1,9595 - 1,9500