British Pound Dollar (GBP/USD) - 09/05/2008 - Archive

GBP/USD - British Pound Dollar

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9552. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 1,9500. If the support is broken then the target will be 1,9400. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,9570 - 1,9615
Supports
1,9500 - 1,9450
updated 09 mai 2008 06:08 GMT +02:00

FAQ Technical analysis

You have a question on technical analysis? just ask in the forum!

Latest technical analysis