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Commentary of the GBP/USD parity :
The parity continues its bullish movement and is currently testing the breakout of the resistance at 1.56. If validated, a new buy signal will be given. We could then target the next resistance at 1.57. We maintain to trade only long positions as far as the lower band of the former bullish channel is support. In case of breakout, we will stay neutral. Only the breakout of 1.5466 will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 28th, 2010
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Commentary of the GBP/USD parity :
The parity made a pullback on 1.5466 and then, the breakout of 1.55 gave us a new buy signal. Currently, the parity is testing the next resistance at 1.56. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.55 is support. In case of breakout, we will stay neutral. Only the breakout of 1.5466 will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 27th, 2010
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Commentary of the GBP/USD parity :
The parity continues its bullish movement and the breakout of 1.5466 gave us a new buy signal. We maintain to trade only long positions as far as 1.54 is support. The next resistance is at 1.55. The breakout of this level will give another buy signal. However, if 1.54 is broken, a sell signal will be given.
See the previous analysis of the GBP/USD parity of July 26th, 2010
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Commentary of the GBP/USD parity :
The parity continued its bullish movement and is currently testing the resistance at 1.5466. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.54 is support. If this level is broken, a sell signal will be given.
See the previous analysis of the GBP/USD parity of July 23th, 2010
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Commentary of the GBP/USD parity :
The parity got out of its range. The breakout of 1.52 gave us a sell signal. The parity seems now to move into a bearish channel (purple lines). We advise to trade only short positions as far as 1.53 is resistance. The breakout of 1.51 will give a new sell signal. However, if 1.53 is broken, a buy signal will be given.
See the previous analysis of the GBP/USD parity of July 21th, 2010
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Commentary of the GBP/USD parity :
No moves on the parity which is currently testing the resistance at 1.53. We are neutral on the parity between 1.52 and 1.53. We will wait a breakout of one of these two bands to take position:
- Long if 1.53 is broken
- Short if 1.52 is broken.
See the previous analysis of the GBP/USD parity of July 20th, 2010
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Commentary of the GBP/USD parity :
The parity got out of its bullish channel but 1.52 acted as support. So, we are neutral on the parity between 1.52 and 1.53. We will wait a breakout of one of these two bands to take position:
- Long if 1.53 is broken
- Short if 1.52 is broken.
See the previous analysis of the GBP/USD parity of July 19th, 2010
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Commentary of the GBP/USD parity :
The parity made a correction on 1.53 and also on the lower band of the bullish channel. A new lowest has been made and so, we advise to trade again long positions as far as the lower band is support. The breakout of 1.5466 will give a new buy signal. However, if the lower band os broken, we will be neutral. Only a breakout of 1.52 will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 15th, 2010
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Commentary of the GBP/USD parity :
The parity continues its bullish movement and is currently testing the resistance at 1.53. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.52 is support. If this level is broken, a sell signal will be given.
See the previous analysis of the GBP/USD parity of July 14th, 2010
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Commentary of the GBP/USD parity :
The support at 1.5012 has not been broken and that's finaly the breakout of 1.5050 that gave us a buy signal. Then, a strong bullish movement occured, breaking the resistance at 1.52. A new buy signal has been given. The next resistance is at 1.53. We maintain to trade only long positions as far as 1.5091 is support.
See the previous analysis of the GBP/USD parity of July 13th, 2010
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Commentary of the GBP/USD parity :
The parity got out of its bullish channel and is currently testing the support at 1.5012. If the break out is validated, a sell signal will be given. We will then advise to trade only short positions towards the next support at 1.4890. However, if a rebound occur on 1.5012, we could again trade long positions.
See the previous analysis of the GBP/USD parity of July 9th, 2010
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Commentary of the GBP/USD parity :
Our last commentary is unchanged : '1.51 allowed again the parity to rebound. The price is currently testing the resistance at 1.52. A break out of this level will give a new buy signal. We maintain to trade only long positions as far as 1.51 is support. If this level is broken, we will stay neutral.'
See the previous analysis of the GBP/USD parity of July 8th, 2010
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Commentary of the GBP/USD parity :
1.51 allowed again the parity to rebound. The price is currently testing the resistance at 1.52. A break out of this level will give a new buy signal. We maintain to trade only long positions as far as 1.51 is support. If this level is broken, we will stay neutral.
See the previous analysis of the GBP/USD parity of July 7th, 2010
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Commentary of the GBP/USD parity :
The parity is currently testing the support at 1.51. As far as this level is support, we maintain to trade only long positions. The break out of 1.52 will give a new buy signal. However, if 1.51 is broken, we will stay neutral and a return on 1.5011 will be possible. Only the break out of this level will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 6th, 2010
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Commentary of the GBP/USD parity :
The parity made a pullback on 1.51. We maintain to trade only long positions as far as this level is support. The break out of 1.52 will give a new buy siganl. However, if 1.51 is broken, we will stay neutral. We will then wait a return on the lower band of the bearish channel to enter long again.
See the previous analysis of the GBP/USD parity of July 5th, 2010
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Commentary of the GBP/USD parity :
The parity continued its bearish movement but 1.52 is resistance. The break out of this level will give a new buy signal. A pullback is likely to happen on 1.51 before a take up of the bullish movement. We maintain to trade only long positions as far as 1.51 is support. In case of break out, we will stay neutral. Only a break out of 1.5013 will allow us to trade short positions.
See the previous analysis of the GBP/USD parity of July 2nd, 2010
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Commentary of the GBP/USD parity :
The parity reached the support at 1.4889 and then made a strong bullish rally, pushing back the price above 1.5013 (our key level). So, we advise again to trade only long positions as far as this level is support. The break out of 1.52 will give a new buy signal. However, if 1.5013 is broken, we will advise to trade short positions.
See the previous analysis of the GBP/USD parity of July 1st, 2010
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Commentary of the GBP/USD parity :
The parity got out of its bullish channel and the break out of 1.50 gave us a sell signal. We now advise to trade only short positions as far as 1.5013 is resistance. This level is our key level. If the price get back above it, we will advise to trade again long positions. However, the break out of 1.4889 will give a new sell signal.
See the previous analysis of the GBP/USD parity of June 30h, 2010
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