1,9522. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,9500 and 19800. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a support above 1,9500. If the support is broken then the target will be 1,9200 (320 pips).
1,9575 - 1,9605
1,9500 - 1,9400