Forex - GBP/USD Technical Analysis (British Pound / US Dollar)

By Roger Baettig | May 07 2012 7:52 AM

Updated the: 05/07/2012
GBP/USD Technical Analysis comments :

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Sentiment : 1.6150 1.61
The pair GBP/USD has continued its correction and got back below 1.6150. All indicators are bearish. We are neutral on the pair between 1.61 and 1.6150. We advise to wait an exit of this range to take position: - Long above 1.6150. The breakout of 1.62 will give a new buy signal - Short below 1.61. The breakout of 1.6050 will give a new sell signal.

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

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