|GBP/USD Technical Analysis comments :|
|A strong bearish movement occured yesterday on the pair GBP/USD who got out of its bullish channel and is currently testing the support at 1.56.|
Indicators are globaly bearish.
We continue to advise long positions as far as 1.56 is support.
A return above 1.5663 (level 38.20% of fibonacci retracements) will comfort our bullish feeling.
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 :
Chart of the pair GBP/USD - Timeframe 4H - Zoom out:
GBP/USD Live Chart - Timeframe : 4h