British Pound Dollar (GBP/USD) - 12/03/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

2,0176. GBP USD is in an uptrend supported by 4H exponential moving averages. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 2,0000 and 2,0200. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 2,0200. If the resistance is broken then the target will be 2,0500 (330 pips).

Resistances
2,0200 - 2,0300
Supports
2,0100 - 2,0000
updated 12 mars 2008 14:05 GMT +02:00

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