Updated the:

01/28/2011

GBP/USD Technical Analysis comments :

Sentiment:

sentiment

A strong rebound occured on the support at 1.5787 (level 38.20%) towards 1.60. The breakout of 1.5891 (level 23.60%) gave us before a buy signal. Currently, the pair is testing this level for a pullback. We advise to trade the pair according to 1.5891:

- Long above 1.5891. The breakout of 1.5963 will give a new buy signal

- Short below 1.5891. The breakout of 1.5787 will give a new sell signal

GBP/USD

GBP/USD