Updated the:
06/28/2012
GBP/USD Technical Analysis comments :
Sentiment :
sentiment
1.5550
sentiment
1.5550
sentiment
The pair GBP/USD made a pullback yesterday on the support at 1.5550 and is now back above 1.56.
The pair is moving just below the lower band of its last bullish channel.
All indicators are mitigated.
We continue to advise long positions as far as 1.5550 is support.
The breakout of 1.5663 (level 38.20% of fibonacci retracement) will give a new buy signal and open the way towards 1.5784 (level 50%).
In case of return below 1.5550, a sell signal will be given.
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