British Pound Dollar (GBP/USD) - 13/03/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

2,0293. GBP USD is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The price should find a support above 2,0270. The uptrend should continue to gather momentum. The target is expected at 2,0600 (310 pips).

Resistances
2,0320 - 2,0400
Supports
2,0270 - 2,0220
updated 13 mars 2008 06:05 GMT +02:00

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