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GBP USD - British Pound Dollar

By:

Arnaud Jeulin

2009-06-01

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Short term (Intraday)

1,4603. GBP USD is in a range between 1,4380 and 1,4730. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 1,4375 / 1,4730 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
1,4650 - 1,4730

Supports
1,4540 - 1,4375

Forex Chart

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Content Provided by:

Arnaud Jeulin - http://www.mataf.net/

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