Sentiment : 1.56 1.5550
The pair GBP/USD has tested yesterday the resistance at 1.5784 (level 50% of fibonacci retracements) and then a correction occured. The pair is going to test a pullback on 1.5663 (level 38.20%). All indicators stay bullish. The pair is still 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 1.5550 to advise long positions.
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