Friday, May 1, 2009

GBP/USD - British Pound Dollar


1,4800. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4725 / 1,4950 range.

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