Updated the:

01/13/2011

GBP/USD Technical Analysis comments :

Sentiment:

sentiment

The pair GBP/USD continues its bullish movement and the breakout of 1.5695 (level 61.80%) gave us a new buy signal. The next resistance is at 1.5844. We maintain to trade only long positions as far as 1.5695 is support. The breakout of 1.5844 will give a new buy signal. However, in case of return below 1.5695, we will be neutral.

GBP/USD

GBP/USD