|GBP/USD Technical Analysis comments :|
|The pair GBP/USD has again tested yesterday the resistance at 1.56, shaping a double top on this level.|
Currently, the pair is making a correction and just got back below 1.5512 (level 23.60% of fibonacci retracements).
Indicators are mitigated.
We continue to advise long positions as far as 1.54 is support.
A return above 1.5512 will comfort our bullish feeling.
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|
Join the Discussion