GBP/USD - British Pound Dollar

Short term (Intraday)

1,9755. GBP USD is in a range between 1,9590 and 1,9800. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue on 1,9800 (+45 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position.