Updated the:
10/19/2012
GBP/USD : Take up of the bullish trend or new correction?

Sentiment :
sentiment sur la parité EUR/CHF
1.6150
sentiment sur la parité EUR/CHF
1.6150
sentiment sur la parité EUR/CHF


--- Follow up analysis ---
The pair GBP/USD got out yesterday of the neutral zone 1.61/1.6150 from the bottom, after a long test of the resistance at 1.6150. So, a sell signal has been given and the scenario of a new bearish correction seems to win. On the short term, the price got out of its bullish channel (black lines) and on the medium term, the pair is now back into its bearish channel (purple lines).

We expect a pursuit of the bearish movement towards the lower band of the channel. The breakout of the support at 1.60 should allow the price to realize this. We continue to advise short positions as far as 1.6150 is resistance.

In case of return above 1.6150, a buy signal will be given.
 
 

Analysis published by Bruno, the 10/19/2012 at 09h10 GMT+2

Full analysis

 



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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