Updated the:
06/22/2012
GBP/USD Technical Analysis comments :
Sentiment :
sentiment
1.56
sentiment
1.5550
sentiment
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 :

GBP/USD

Chart of the pair GBP/USD - Timeframe 4H - Zoom out:

GBP/USD

GBP/USD Live Chart - Timeframe : 4h

Chart