Commentary of the GBP/USD parity :

The last highest allowed us to draw a bearish slant (black line). The parity seems to move into a bearish triangle (bearish pattern). However, given the position of the price in it, we will wait the break out of 1.4924 before taking short positions. Our feeling on the parity is bearish as far as the bearish slant is resistance. However, if this slant is broken, a buy signal will be given.

See the previous analysis of the GBP/USD parity of March 22, 2010