Sentiment : 1.62 1.6150
The pair GBP/USD broke the support at 1.61 last friday, giving us a sell signal. All indicators are bearish. The pair is moving towards the medium term bullish slant (black line). We continue to advise short positions as far as 1.6150 is resistance. The breakout of 1.6050 will give a new sell signal and open the week towards 1.60. In case of return above 1.6150, we will be neutral between this level and 1.62. The breakout of 1.62 will give a buy signal.
Chart of the pair GBP/USD - Timeframe 4H - Zoom in :
Chart of the pair GBP/USD - Timeframe 4H - Zoom out:
GBP/USD Live Chart - Timeframe : 4h