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May 21, 2008

GBP/USD – European Session – 21/05/08

Posted in: Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal

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

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