Updated the:
06/21/2012
GBP/USD Technical Analysis comments :
Sentiment :
sentiment
1.56
sentiment
1.5550
sentiment
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.
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