GBP/USD – British Pound Dollar (6th Oct 2008)
1,7576. GBP/USD currency pair is in an downtrend directed by 1H exponential moving averages. GBP/USD currency pair is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP/USD. The price should find a support above 1,7550 (26 pips). If the support is broken then the target will be 1,7270 (306 pips).
We are waiting for a break of the support to take a short position.
Resistances 1,7705 – 1,7850
Supports 1,7550 – 1,7425
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October 6th, 2008 at 11:21 am
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October 6th, 2008 at 11:52 am
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October 6th, 2008 at 11:54 am
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October 6th, 2008 at 12:07 pm
[...] your electronic online portal wrote an interesting post today onHere’s a quick excerpt 1,7576. GBP/USD currency pair is in an downtrend directed by 1H exponential moving averages. GBP/USD currency pair is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP/USD. The price should find a support above 1,7550 (26 pips). If the support is broken then the target will be 1,7270 (306 pips). We are [...]