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GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9682. 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 consolidation should continue. The price should continue to move in 1,9600 / 1,9700 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,9700 - 1,9750
Supports
1,9660 - 1,9600
updated 30 avr 2008 05:57 GMT +02:00

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