GBP/USD analysis of the week (4h candlesticks)

By ForexTribe
19 November 2009 @ 04:50 am EDT

A strong bearish movement occur, breaking the support at 1.6760. Our bullish slant is currently tested. As far as this slant is support, we will advise to trade only long positions. The break out of 1.6760 will confirm the bullish feeling. However, if the slant is broken, this will give a sell signal and a test of 1.66 will be expected.



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