Updated the:
06/20/2012
GBP/USD Technical Analysis comments :
Sentiment :
sentiment
1.56
sentiment
1.5512
sentiment
The pair GBP/USD has continued its bullish movement and is currently moving towards the resistance at 1.574 (level 50% of fibonacci retracements).
All indicators are bullish.
The pair is moving into a bullish channel (black lines).
We continue to advise long positions as far as 1.56 is support.
The breakout of 1.5784 (level 50%) will give a new buy signal and open the way towards 1.5906 (level 61.80%).
In case of return below 1.56, we will wait the breakout of 1.5512 (level 23.60%) to advise long positions.
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