GBP/USD - British Pound Dollar, European Session - 29/09/09

By IBTimes Staff Reporter | September 29 2009 1:19 AM

1,5938. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue.

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Resistances: 1,5950 - 1,6090
Supports: 1,5860 - 1,5770

tags: Forex, gbpusdauthor: Arnaud JeulinMataf.net offers technical analysis, forex news and currency converter.

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