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Global Interest Rates
Australia	3%
Canada	0.25%
EMU	1%
Japan	0.1%
Swiss	0.25%
England	0.5%
US	0.25%

Data by fxstreet.com

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Technicals

Forex Center > News > Technicals

GBP/USD - British Pound Dollar, European Session - 08/10/08

07 Oct, 2008 @ 10:57 pm ET

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1,7460. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 1,7340 (120 pips). The consolidation should continue. If the support is broken then the target will be 1,7000 (460 pips).
We are waiting for a break of the support to take a short position.

Resistances: 1,7565 - 1,7630
Supports: 1,7430 - 1,7340