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

gbpusd
gbpusd


Updated the:
04/23/2014
GBP/USD : Towards new yearly highs ?

Sentiment :
sentiment sur la parité AUD/USD
1,6780
sentiment sur la parité AUD/USD
1,6746
sentiment sur la parité AUD/USD

--- Follow up analysis ---
Earlier this week, the pair GBP/USD made ​​a pullback on 1.6780 before to test yesterday its annual highs to 1.6834. This level forms an ascending triangle with the short term bullish slant (orange lines). A continuation of the upward trend is expected.

We continue to advise long positions (buy) as far as 1.6780 is support. The breakout of 1.6834 will give a new buy signal and should open the way towards 1.69.

In case of return below 1.6780 (breakout of the short term slant), we will advise to remain neutral between this level and 1.6746.

ps: Traders with a more aggressive strategy could trade the pair according to 1.6780 (long above; Short below).
Full analysis

Analysis published by Bruno Dupray, the 04/23/2014 at 08h30 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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