Updated the:

02/01/2011

GBP/USD Technical Analysis comments :

Sentiment:

sentiment

The pair GBP/USD finaly got back above 1.5891 (level 23.60%), giving us a buy signal. Then, the resistance at 1.5963 has been broken and currently, the pair is testing the fibonacci retracement 0% at 1.6060. We maintain to trade only long positions as far as 1.5963 is support. The breakout of 1.6060 will give a new buy signal. The next resistance is at 1.6150. However, if 1.5963 is broken, we will be neutral.

GBP/USD

GBP/USD