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GBP/USD : Medium term ascending triangle
Sentiment :

The pair GBP/USD has rebounded during August on the bullish slant (black line) which is shaping an ascending triangle with the resistance at 1.5750. This resistance has been tested third time and that let us think to an exit from the top for the next test. The price is currently close of this level. In h1, the pair is moving into a bullihs channel but the last movement is also lead by a bullish slant (green line).The breakout of 1.5750 will give a new buy signal and will open the way towards 1.58 and 1.5850. We stay bullish as far as 1.5650 is support.

In case of return below 1.5650, we will be neutral between this level and 1.5580.

Analysis published by Bruno, the 08/21/2012 at 09h30 GMT+2

Complete sheet of the pair GBP/USD - Previous GBP/USD Analysis
Chart of the pair GBP/USD - Timeframe 4H
Chart of the pair GBP/USD - Timeframe 1H
GBP/USD Live Chart - Timeframe : 4h