Beginner
Advanced
Economic Calendar »
FX Directory »
Submit an article »
0 votes vote | Click to vote

GBP/USD - British Pound Dollar, American Session - 19/11/08

19 Nov, 2008 @ 06:10 am ET | written by Mataf


1,5059. GBP USD is in an downtrend directed by 4H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. GBP USD is in a range between 1,4900 and 1,5100. The volatility is low. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
1,5095 - 1,5190
Supports
1,4990 - 1,4900

For more forex information, go to www.mataf.net

Related Articles:

  • Size: t1 t2 t3
  • Print: print
  • Email: email
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives