Updated the:
06/14/2012
GBP/USD Technical Analysis comments :

Sentiment :
sentiment
1.54
sentiment
1.54
sentiment
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 :
GBP/USD
 
Chart of the pair GBP/USD - Timeframe 4H - Zoom out:
GBP/USD
GBP/USD Live Chart - Timeframe : 4h
Chart