|GBP/USD : Pursuit of the bullish rally|
--- Follow up analysis ---
In h4, the exif from the top of the bullish channel (blue lines) shows the strengh of the movement. We continue to advise long positions as far as 1.61 is support. A pullback on 1.6150 stay possible if the resistance at 1.62 is not broken shortly. However, the breakout of 1.62 will give a new buy signal and will open the way towards 1.63.
In case of return below 1.61, we will be neutral between this level and 1.60 (level of the lower band of the channel in h4).
Analysis published by Bruno, the 09/14/2012 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|