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Gbp/usd Parity Of July

Title: Technical analysis of the GBP/USD parity on July 23th, 2010
Commentary of the GBP/USD parity : The parity finaly got out of its bearish channel and the breakout of 1.53 gave us a buy signal. We now advise to trade only long positions as far as this level is support. The breakout of 1.5466 will give a new buy signal. See the previous analysis of the GBP/USD parity of July 22th, 2010

Title: Technical analysis of the GBP/USD parity on July 22th, 2010
Commentary of the GBP/USD parity : The parity got out of its range. The breakout of 1.52 gave us a sell signal. The parity seems now to move into a bearish channel (purple lines). We advise to trade only short positions as far as 1.53 is resistance. The breakout of 1.51 will give a new sell signal. However, if 1.53 is broken, a buy signal will be given. See the previous analysis of the GBP/USD parity of July 21th, 2010

Title: Technical analysis of the GBP/USD parity on July 21th, 2010
Commentary of the GBP/USD parity : No moves on the parity which is currently testing the resistance at 1.53. We are neutral on the parity between 1.52 and 1.53. We will wait a breakout of one of these two bands to take position: - Long if 1.53 is broken - Short if 1.52 is broken. See the previous analysis of the GBP/USD parity of July 20th, 2010

Title: Technical analysis of the GBP/USD parity on July 20th, 2010
Commentary of the GBP/USD parity : The parity got out of its bullish channel but 1.52 acted as support. So, we are neutral on the parity between 1.52 and 1.53. We will wait a breakout of one of these two bands to take position: - Long if 1.53 is broken - Short if 1.52 is broken. See the previous analysis of the GBP/USD parity of July 19th, 2010

Title: Technical analysis of the GBP/USD parity on July 19th, 2010
Commentary of the GBP/USD parity : The parity made a correction on 1.53 and also on the lower band of the bullish channel. A new lowest has been made and so, we advise to trade again long positions as far as the lower band is support. The breakout of 1.5466 will give a new buy signal. However, if the lower band os broken, we will be neutral. Only a breakout of 1.52 will allow us to trade short positions. See the previous analysis of the GBP/USD parity of July 15th, 2010

Title: Technical analysis of the GBP/USD parity on July 15th, 2010
Commentary of the GBP/USD parity : The parity continues its bullish movement and is currently testing the resistance at 1.53. The breakout of this level will give a new buy signal. We maintain to trade only long positions as far as 1.52 is support. If this level is broken, a sell signal will be given. See the previous analysis of the GBP/USD parity of July 14th, 2010

Title: Technical analysis of the GBP/USD parity on July 14th, 2010
Commentary of the GBP/USD parity : The support at 1.5012 has not been broken and that's finaly the breakout of 1.5050 that gave us a buy signal. Then, a strong bullish movement occured, breaking the resistance at 1.52. A new buy signal has been given. The next resistance is at 1.53. We maintain to trade only long positions as far as 1.5091 is support. See the previous analysis of the GBP/USD parity of July 13th, 2010

Title: Technical analysis of the GBP/USD parity on July 13th, 2010
Commentary of the GBP/USD parity : The support at 1.5012 has not been broken but is still currently tested. In case of break out, a sell signal will be given. The next support at 1.4890. However, if the price broke 1.5050, we could trade again long positions. See the previous analysis of the GBP/USD parity of July 12th, 2010

Title: Technical analysis of the GBP/USD parity on July 12th, 2010
Commentary of the GBP/USD parity : The parity got out of its bullish channel and is currently testing the support at 1.5012. If the break out is validated, a sell signal will be given. We will then advise to trade only short positions towards the next support at 1.4890. However, if a rebound occur on 1.5012, we could again trade long positions. See the previous analysis of the GBP/USD parity of July 9th, 2010

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