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

By Roger Baettig | May 18 2012 5:29 AM

Updated the: 05/18/2012
GBP/USD Technical Analysis comments :

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Sentiment : 1.60 1.59
A bearish rallye occured on the pair GBP/USD who broke the supports at 1.59 and 1.5823, giving both a new sell signal. All indicators are bearish. Currently, the pair is testing the next support at 1.5750. We continue to advise short positions as far as 1.59 is resistance. The breakout of 1.5750 will give a new sell signal and open the week towards 1.57 and 1.5650. In case of return above 1.59, we will be neutral between this level and 1.60. The breakout of 1.60 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

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