Updated the:
10/02/2012
GBP/USD : Test of the lower band of the medium term bearish channel

Sentiment :
sentiment sur la parité EUR/CHF
1.6160
sentiment sur la parité EUR/CHF
1.61
sentiment sur la parité EUR/CHF


--- New analysis ---
The pair GBP/USD has failed to get over the resistance at 1.63 and a correction occured, pushing back the price on the lower band of its medium term bearish channel (blue lines). The price is now moving below the support at 1.6160.

We are neutral between 1.6160 and 1.61. We advise to wait an exit of this range to take position:
- Long in case of return above 1.6160. A new test of 1.63 should be then occured.
- Short if 1.61 is broken. This scenario is reinforced by a bearish channel in h1 (black lines). The objective will be set at 1.60.
 
 

Analysis published by Bruno, the 10/02/2012 at 09h00 GMT+2

 



Chart of the pair GBP/USD - Timeframe 4H
GBP/USD Technical Analysis
 
Chart of the pair GBP/USD - Timeframe 1H
GBP/USD Technical Analysis



 

GBP/USD Live Chart - Timeframe : 4h
Chart GBP/USD BID

 

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