1,9684. GBP/USD currency pair is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP/USD. The price should find a resistance below 1,9730. The consolidation should continue.

Resistances 1,9730 - 1,9800
Supports 1,9630 - 1,9540

This entry was posted on Wednesday, May 21st, 2008 at 7:36 am 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.