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Analysis Of The Gbp/usd Parity

Title: Technical analysis of the GBP/USD parity on August 23th, 2010
Commentary of the GBP/USD parity : The breakout of 1.5550 allowed the parity to reach the next support at 1.5462 but the parity is currently making a correction. However, we maintain to trade only short positions as far as 1.5650 is resistance. A return below 1.5550 will confirm the take up of the bearish movement. However, if 1.5650 is broken, a buy signal will be given. See the previous analysis of the GBP/USD parity of August 20th, 2010

Title: Technical analysis of the GBP/USD parity on August 20th, 2010
Commentary of the GBP/USD parity : The parity made a new pullback on 1.5650 and is testing again the support at 1.5550. The breakout of this level will give an important new sell signal. We maintain to trade only short positions as far as 1.5650 is resistance. If this level is broken, a buy signal will be given. See the previous analysis of the GBP/USD parity of August 19th, 2010

Title: Technical analysis of the GBP/USD parity on August 19th, 2010
Commentary of the GBP/USD parity : After a pullback on 1.5650, the parity took up its bearish trend and is currently testing the support at 1.5550. The breakout of this level will give a new sell signal. We maintain to trade only short positions as far as 1.5650 is resistance. The next support is at 1.5462. See the previous analysis of the GBP/USD parity of August 18th, 2010

Title: Technical analysis of the GBP/USD parity on August 18th, 2010
Commentary of the GBP/USD parity : 1.57 has not been broken and the trend reversal has not been confirmed. 1.5650 was our key level. The bearish breakout of this level gave us a sell signal. Currently, the price is testing the breakout of the next support at 1.5550. If validated, a new sell signal will be given. We advise to trade only short positions as far as 1.5650 is resistance. See the previous analysis of the GBP/USD parity of August 17th, 2010

Title: Technical analysis of the GBP/USD parity on August 17th, 2010
Commentary of the GBP/USD parity : The parity got out of its bearish channel and the breakout of 1.5650 gave us a buy signal. The breakout of 1.57 will confirm the reversal. 1.5650 is now support and is our key level. As far as 1.5650 is support, we advise to trade only long positions. However, in case of return below this level, we could trade again short positions. See the previous analysis of the GBP/USD parity of August 16th, 2010

Title: Technical analysis of the GBP/USD parity on August 16th, 2010
Commentary of the GBP/USD parity : The parity is moving into a bearish channel (purple lines) and made a pullback on 1.5650. We advise to trade only short positions as far as this level is resistance. The breakout of 1.5550 will give a new sell signal. The next support is at 1.5463. However, if 1.5650 is broken, we could trade again long positions.

Title: Technical analysis of the GBP/USD parity on July 29th, 2010
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

Title: Technical analysis of the GBP/USD parity on July 28th, 2010
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

Title: Technical analysis of the GBP/USD parity on July 27th, 2010
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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