GBP/USD - British Pound Dollar Nov 08

Nov 08, 2004 1 Replies

GBP/USD - British Pound Dollar Short term (Intraday) GBP USD broke 1,8550 resistance. GBP USD is in an uptrend supported by



4H exponential moving averages. The volatility is low. Bollinger bands are tightened. RSI is in a bullish configuration. The uptrend should resume with more vigor.. We could take a long position at 1,8570. We will put the stop loss below 1,8530 (-40 pips). The targets are 1,8750 (+180 pips) 1,9150 (+580 pips) 2,000 (+1430 pips). This is a dangerous trade, take care and put your stop loss. Resistances : 1,8650 - 1,8750 - 1,9150 Supports : 1,8570 - 1,8530 Chart :
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