GBP/USD - British Pound Dollar, American Session - 15/04/08
1,9647. GBP USD broke 1,9650 support. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 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 (245 pips).
- Resistances
- 1,9650 - 1,9700
- Supports
- 1,9625 - 1,9520
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