Updated the:
05/17/2012
EUR/GBP Technical Analysis comments :

Sentiment :
sentiment
0.81
sentiment
0.8050
sentiment

The pair EUR/GBP has rebounded yesterday on the support at 0.7950 and is currently testing a pullback on the resistance at 0.80.
Indicators are globaly bullish.
The bearish gap which ocurred at the opening is still not filled in.
All indicators are bearish.
The pair is still moving into a bearish channel (purple lines).
We continue to advise short positions as far as 0.8050 is resistance.
The breakout of 0.7950 will give a new sell signal and open the way towards 0.79.
In case of return above 0.8050, we will be neutral between this level and 0.81.
The breakout of 0.81 will give a buy signal.

Complete sheet of the pair EUR/GBP - Previous EUR/GBP Analysis
Chart of the pair EUR/GBP - Timeframe 4H - Zoom in :
EUR/GBP
 
Chart of the pair EUR/GBP - Timeframe 4H - Zoom out:
EUR/GBP
EUR/GBP Live Chart - Timeframe : 4h
Chart