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GBP/USD - British Pound Dollar, European Session - 03/07/09

03 Jul, 2009 @ 01:19 am ET | written by Mataf


1,6380. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD. The consolidation should continue. The price should find a support above 1,6290 (90 pips).
Resistances
1,6430 - 1,6550
Supports
1,6330 - 1,6290

tags: Forex, gbpusd
author: Arnaud Jeulin
Mataf.net offers technical analysis, forex news and currency converter.

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