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 GBP/USD - British Pound Dollar -

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Location: Singapore
Registration date: 2008-01-26

PostSubject: GBP/USD - British Pound Dollar -   Sat Feb 23, 2008 6:32 pm
GBP/USD - British Pound Dollar


Short term (Intraday)

1,9654. GBP USD broke 1,9500 resistance. GBP USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 1,9680. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..










Resistances
1,9680 - 1,9710
Supports
1,9600 - 1,9550
Long term chart
GBP/USD - British Pound Dollarupdated 22 févr 2008 06:36 GMT



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