British Pound Dollar (GBP/USD) - 28/02/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9867. GBP USD is in an uptrend supported by 1H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue. The price should continue to move in 1,9785 / 1,9950 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,9880 - 1,9950
Supports
1,9830 - 1,9785
updated 28 févr 2008 14:00 GMT +02:00

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