GBP/USD - British Pound Dollar
Short term (Intraday)
1,9878. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,9825 and 1,9950. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9950. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,9910 - 1,9950
- Supports
- 1,9870 - 1,9825
updated 31 janv 2008 21:41 GMT +02:00
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