GBP/USD Technical Analysis
(British Pound / US Dollar)

gbpusd
gbpusd


Updated the:
07/21/2014
GBP/USD : On the way to the stars...

Sentiment :
sentiment sur la parité AUD/USD
1,71
sentiment sur la parité AUD/USD
1,7060
sentiment sur la parité AUD/USD

--- Follow up analysis ---
Attention danger on the pair GBP/USD ! The uptrade could end soon. Indeed, last Friday, the price dropped below 1.71 (breaking its lows) and has validated a break of the medium term bullish slant (purple dotted line). This morning, the price has just completed a pullback on its and seems to resume its bearish movement.

We are neutral for the time between 1.7060 and 1.71. We advise to wait an exit of this range to take position :

- Tradeonly long positions (buy) in case of return above 1.71 (return above the slant). A test of 1.7140 and of the highs at 1.7167 would be expected.

- Trade only short positions (sell) in case of breakout of 1.7060 (low of July). This would indicate the end of the uptrend. The price should then reach 1.70 and 1.6970 in extension.

ps : Traders with a more aggressive strategy can trade the pair according to 1.71 (long above; Short below).
Full analysis

Analysis published by Bruno Dupray, the 07/21/2014 at 09h00 GMT+2

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

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

Live GBP/USD Chart - Timeframe : 1H*
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