British Pound Dollar (GBP/USD) - 28/01/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

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 (Mataf 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
updated 28 janv 2008 22:11 GMT +02:00

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