|GBP/USD Technical Analysis comments :|
|The pair GBP/USD made a pullback last friday on the support at 1.54 and also on the upper band of its former bearish channel (purple lines) and has opened the week on a strong bullish gap (which is not filled in), pushing back the price above 1.5512 (level 23.60% of fibonacci retracements).|
All indicators are bullish.
We continue to advise long positions as far as 1.54 is support.
The breakout of 1.56 will give a new buy signal and open the way towards 1.5663 (level 38.20%).
In case of return below 1.54, a sell signal will be given.
|Complete sheet of the pair GBP/USD - Previous GBP/USD Analysis|
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