02.29.08

GBP/USD - European Session - 29/02/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 6:54 am by yeop

1,9886. GBP/USD currency pair is in a consolidation after the last bullish movement. GBP/USD is in a range between 1,9785 and 1,9945. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,9785 / 1,9950 range.

Resistances 1,9900 - 1,9945
Supports 1,9865 - 1,9785

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