Updated the:
06/26/2012
GBP/USD Technical Analysis comments :
Sentiment :
sentiment
1.56
sentiment
1.5550
sentiment
The pair GBP/USD has rebounded yesterday on the support and 1.5550 and is currently moving towards a pullback on 1.56.
All indicators are bearish.
The pair is moving below its bearish channel (black lines).
We are neutral between 1.5550 and 1.56.
We advise to wait an exit of this range to take position:
- Long above 1.56. The breakout of 1.5663 (level 38.20% of fibonacci retracements) will give a new buy signal
- Short below 1.5550. The breakout of 1.55 will give a new sell signal.
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