British Pound Dollar (GBP/USD) - 29/01/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9894. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The price should find a resistance below 1,9950 (50 pips).

Resistances
1,9920 - 1,9950
Supports
1,9840 - 1,9800
updated 29 janv 2008 21:50 GMT +02:00

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