1,9954. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,9750 and 2,0030. 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 bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should continue to move in 1,9750 / 2,0030 range. We won't take a position. The risk/reward ratio is too high to take a position..
2,0000 - 2,0030
1,9900 - 1,9800