|GBP/USD : Pursuit of the bullish rally|
--- New analysis ---
Last wednesday, the pair GBP/USD has again rebounded on our bullish slant in h4 (blue line) and that has allowed a pursuit of the bullish rally. The price has reached our objective a t 1.60. This level is currently tested.
We continue to advise long positions as far as 1.59 is support. The breakout of 1.60 will give a new buy signal and will open the way towards 1.61. The price could take support in h1 on a new bullish slant (purple line) which is now support.
In case of return below 1.59, we will be neutral between this level and 1.5850.
Analysis published by Bruno, the 09/10/2012 at 09h00 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|