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

gbpusd
gbpusd


Updated the:
04/14/2014
GBP/USD : Towards new yearly highs ?

Sentiment :
sentiment sur la parité AUD/USD
1,6755
sentiment sur la parité AUD/USD
1,67
sentiment sur la parité AUD/USD

--- Follow up analysis ---
The pair GBP/USD has stumbled at the end of last week on its yearly highs of February at 1.6823 before to start a correction. In the short term, the movement is led by a bearish slant (blue line).

We are neutral for the time between 1.67 and 1.6755. We advise to wait an exit of this range to take position :

- Trade only long positions (buy) above 1.6755. The price should then reach new yearly highs.

- Trade only short positions (sell) below 1.67. A return to the major support at 1.6650 will be expected. This level corresponds to the crossing point of the medium-term bullish slant (purple dotted line).
Full analysis

Analysis published by Bruno Dupray, the 04/14/2014 at 09h15 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

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