Updated the:
05/01/2012
GBP/USD Technical Analysis comments :

Sentiment :
sentiment
1.6150
sentiment
1.61
sentiment
The pair GBP/USD has tested yesterday the resistance at 1.63 and then a correction occured.
The pair is moving towards a pullback on 1.62.
All indicators stay bullish.
The pair is still moving above its long term bullish slant (black line).
We continue to advise long positions as far as 1.6150 is support.
The breakout of 1.63 will give a new buy signal and open the way towards 1.6350.
In case of return below 1.6150, we will wait the breakout of 1.61 to advise short positions.
Complete sheet of the pair GBP/USD - Previous GBP/USD Analysis
Chart of the pair GBP/USD - Timeframe 4H - Zoom in :
GBP/USD
 
Chart of the pair GBP/USD - Timeframe 4H - Zoom out:
GBP/USD
GBP/USD Live Chart - Timeframe : 4h
Chart