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Sunday, March 23, 2008

GBPUSD

GBP USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H is in a bearish configuration. The price should find a resistance below 1,9750. The consolidation should continue. The risk/reward ratio is too high to take a position..

Resistances

1,9880 - 1,9960

Supports

1,9820 - 1,9750

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