1,9792. GBP USD is in an uptrend supported by 1H exponential moving averages. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a resistance below 1,9830. The consolidation should continue. If the resistance is broken then the target will be 1,9930. We won't take a position. The risk/reward ratio is too high to take a position..
1,9830 - 1,9870
1,9780 - 1,9735