GBP/USD - British Pound Dollar
Short term (Intraday)
1,9900. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H (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
- 1,9930 - 1,9950
- Supports
- 1,9870 - 1,9825
updated 01 févr 2008 05:48 GMT +02:00
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