GBP/USD Technical Analysis (British Pound / US Dollar) - Forex
International Business Times
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February 15, 2013 1:15 AM EST

Forextribe
Updated the:
02/14/2013		 GBP/USD : Downtrend triggered

Sentiment :
sentiment sur la parité AUD/USD
1,5883
sentiment sur la parité AUD/USD
1,5815
sentiment sur la parité AUD/USD

--- Follow up analysis ---
After making a pullback on the resistance at 1.5808, the pair GBP/USD resumed its downtrend and has broken its last lows. The break of 1.56 gave us a new sell signal and the price is currently testing the 1.55 psychological support. This level is a daily support and could led to a slight movement of correction for a pullback on 1.56. On the medium term, the last low allowed us to draw a parallel to our previous bearish channel (purple lines). The price is currently moving just below the lower band.

>We continue to advise short positions as far as 1.57 is resistance. The bearish sentiment is reinforced by the presence of a bearish slant on the short term (brown line). Our next goal is now the major daily support at 1.53 which includes all lows of 2012.

In case of return above 1.57, we will be neutral between this level and 1.5808.
Full analysis

Analysis published by Bruno, the 02/14/2013 at 08h55 GMT+2
- Complete sheet of the pair GBP/USD - Previous GBP/USD Analysis -
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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