British Pound Dollar (GBP/USD) - 07/02/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9442. GBP USD broke 1,9560 support. GBP USD is in an downtrend directed by 1H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The price should consolidate. The price should find a support above 1,9400. If the support is broken then the target will be 1,9200.

Resistances
1,9500 - 1,9560
Supports
1,9400 - 1,9200
updated 07 févr 2008 14:06 GMT +02:00

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