GBP/USD - British Pound Dollar, European Session - 13/05/08
1,9536. GBP USD is in a range between 1,9460 and 1,9620. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Oscillators are neutral. The price should continue to move in 1,9400 / 1,9630 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 1,9560 - 1,9630
- Supports
- 1,9525 - 1,9460
This entry was posted on Tuesday, May 13th, 2008 at 8:05 and is filed under Uncategorized. 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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