GBP/USD - British Pound Dollar, European Session - 18/05/09

 @ibtimes on May 17 2009 9:48 PM

1,5156. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 1,5070 / 1,5270 range.

Resistances
1,5200 - 1,5270
Supports
1,5120 - 1,5070

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