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 GBP/USD - British Pound Dollar - updated analysis since 6 h

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sandy2693

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Number of posts : 14
Registration date : 2008-03-03

PostSubject: GBP/USD - British Pound Dollar - updated analysis since 6 h   Mon Mar 03, 2008 8:20 pm


updated analysis since 6 h


GBP/USD - British Pound Dollar


Short term (Intraday)

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
Long term chart
GBP/USD - British Pound Dollarupdated 03 mars 2008 06:06 GMT
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