GBP/USD - British Pound Dollar, European Session - 02/02/09

 @ibtimes
on February 01 2009 10:28 PM

1,4379. GBP USD is in an uptrend supported by 1H exponential moving averages. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP USD. The consolidation should continue.

Resistances
1,4500 - 1,4600
Supports
1,4345 - 1,4220

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