Updated the:

01/21/2011

GBP/USD Technical Analysis comments :

Sentiment:

sentiment

Our last commentary has changed a little. Indeed, it is the level 23.60% of the last bullish movement at 1.5891 which seems to give support. We stay neutral on the pair between this level and 1.5960. We will wait an exit of this range to take position:

- Long if 1.5960 is broken. The breakout of 1.6060 will give a new buy signal

- Short if 1.5891 is broken. The breakout of 1.5842 will give a new sell signal.

GBP/USD

GBP/USD