Sentiment : 1.54 1.54
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.
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