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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

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