Updated the:
05/17/2012
GBP/USD Technical Analysis comments :

Sentiment :
sentiment
1.61
sentiment
1.6050
sentiment
The pair GBP/USD has continued its bearish movement and the breakout of 1.5950 gave us a new sell signal.
Currently, the pair is testing the next support at 1.59.
We continue to advise short positions as far as 1.6050 is resistance.
The breakout of 1.59 will give a new sell signal and open the week towards 1.5823.
In case of return above 1.6050, we will be neutral between this level and 1.61.
The breakout of 1.61 will give a buy 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