GBP/USD - British Pound Dollar
Short term (Intraday)
2,0020. GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,9900 / 2,0100 range. We won't take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 2,0050 - 2,0100
- Supports
- 1,9945 - 1,9900
updated 18 mars 2008 06:00 GMT +02:00
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