1,9777. GBP USD broke 1,9540 resistance. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,9390 / 1,9650 range. We won't take a position. The risk/reward ratio is too high to take a position..
1,9650 - 1,9680
1,9530 - 1,9470