GBP/USD - British Pound Dollar
Short term (Intraday)
1,9552. GBP USD is in a range between 1,9335 and 1,9640. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 1,9370 / 1,9660 range. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,9580 - 1,9640
- Supports
- 1,9520 - 1,9480
updated 24 janv 2008 05:52 GMT +02:00
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