1,9845. 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 (Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9900. The consolidation should continue. We won’t take a position. The risk/reward ratio is too high to take a position..

Resistances 1,9900 – 1,9915
Supports 1,9830 – 1,9730

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