GBP/USD - British Pound Dollar, European Session - 03/03/08
1,9859. GBP USD is in a range between 1,9785 and 1,9950. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in Bollinger bands. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,9865 - 1,9950
- Supports
- 1,9835 - 1,9785
Source : GBP USD
This entry was posted on Monday, March 3rd, 2008 at 7:06 and is filed under GBP USD. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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