GBP/USD - British Pound Dollar
Short term (Intraday)
1,9840. There is an horizontal range between 1,9830 and 1,9875. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won't take a position.
- Resistances
- 1,9850 - 1,9890
- Supports
- 1,9830 - 1,9810
updated 05 mars 2008 05:50 GMT +02:00
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