GBP/USD - British Pound Dollar, European Session - 27/03/08
2,0060. GBP USD is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The target is expected at 2,0300. The price should find a resistance below 2,0100.
- Resistances
- 2,0100 - 2,0150
- Supports
- 2,0030 - 1,9935
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