British Pound Dollar (GBP/USD) - 15/12/2005 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,7713. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue on 1,7900 resistance. The price should find a support above 1,7700.
=> We could take a long position at 1,7700. We will put the stop loss below 1,7660 (-40 pips). The targets are 1,7810 (+110 pips) 1,7900 (+210 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
1,7720 - 1,7740 - 1,7780
Supports
1,7700 - 1,7660
updated 15 déc 2005 06:41 GMT +02:00

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