GBP/USD : Pursuit of the bullish rally
--- Follow up analysis ---
Our objective at 1.63 has been reached on the pair GBP/USD but this level led to a correction towards a pullback on 1.62. The price is currently moving on the upper band of its medium term bullish channel (blue lines).
We continue to advise long positions as far as 1.6150 is support. The breakout of 1.63 will give a new buy signal and will open the way towards 1.64.
In case of return below 1.6150, we will be neutral between this level and 1.61 (level of the lower band of the channel). The breakout of this level will allow us to advise short positions.
Analysis published by Bruno, the 09/24/2012 at 09h00 GMT+2
Chart of the pair GBP/USD - Timeframe 4H
Chart of the pair GBP/USD - Timeframe 1H
|GBP/USD Live Chart - Timeframe : 4h|
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