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GBP/USD – American Session – 12/03/08

2,0176. GBP/USD currency pair is in an uptrend supported by 4H exponential moving averages. GBP/USD is in a consolidation after the last bullish movement. GBP/USD is in a range between 2,0000 and 2,0200. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. The price should find a resistance below 2,0200. If the resistance is broken then the target will be 2,0500 (330 pips).

Resistances 2,0200 – 2,0300
Supports 2,0100 – 2,0000

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This entry was posted on Thursday, March 13th, 2008 at 3:15 pm and is filed under Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “GBP/USD – American Session – 12/03/08”

  1. Forex » GBP/USD - American Session - 12/03/08 Says:
    March 13th, 2008 at 4:24 pm

    [...] Forex Market Updates wrote an interesting post today onHere’s a quick excerpt 2,0176. GBP/USD currency pair is in an uptrend supported by 4H exponential moving averages. GBP/USD is in a consolidation after the last bullish movement. GBP/USD is in a range between 2,0000 and 2,0200. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. The price should find a resistance below 2,0200. If the resistance is broken then the target will be 2,0500 (330 pips). Resistances 2,0200 – 2,0300 Suppo [...]

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