Sentiment : 1.56 1.5550
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.
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