GBP/USD - British Pound Dollar
Short term (Intraday)
1,9517. GBP USD broke 1,9630 support. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The downtrend should continue to gather momentum. The target is expected at 1,9400 (115 pips).
- Resistances
- 1,9545 - 1,9590
- Supports
- 1,9500 - 1,9400
updated 08 mai 2008 05:53 GMT +02:00
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