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

gbpusd
gbpusd


Updated the:
07/25/2014
GBP/USD : Return on earth...

Sentiment :
sentiment sur la parité AUD/USD
1,7074
sentiment sur la parité AUD/USD
1,7030
sentiment sur la parité AUD/USD

--- New analysis ---
Following the breakout of its medium term bullish slant (purple dotted line), the pair GBP/USD has launched a strong correction. The output of the neutral zone 1.7060/1.71 from the bottom gave us the sell signal. In the short term, the price still fits within a bearish channel (blue lines). This morning, the price has just completed a pullback as resistance on the fibonacci retracement 38.20% of the last bullish trend at 1.7001.

We advise to trade only short positions (sell) as far as 1.7030 is resistance. This level corresponds to the upper limit of the channel. The breakout of the last low at 1.6970 and of the fibonacci retracement 50% at 1.6941 would give both a new sell signal. The price will then have in line of sight the retracement 61.80% at 1.6882.

In case of return above 1.7030, we will advise you to remain neutral between this level and 1.7074 (level 23.60%).
Full analysis

Analysis published by Bruno Dupray, the 07/25/2014 at 09h20 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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