1,9821. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,9760 and 1,9850. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum.
=> We could take a long position at 1,9820. We will put the stop loss below 1,9780 (-40 pips). The targets are 1,9900 (+80 pips) 2,0000 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,9850 - 1,9900
1,9800 - 1,9760