British Pound Dollar (GBP/USD) - 13/02/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9579. GBP USD broke 1,9540 resistance. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should find a resistance below 1,9650. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,9630 - 1,9675
Supports
1,9560 - 1,9540
updated 13 févr 2008 06:10 GMT +02:00

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