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GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9622. GBP USD broke 1,9675 support. GBP USD broke the uptrend to begin a bearish movement. The volatility rises. Bollinger bands are deviated. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a support above 1,9600. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,9650 - 1,9675
Supports
1,9600 - 1,9550
updated 15 févr 2008 13:26 GMT +02:00

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