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

By @ibtimes on

The bearish movement continued and our long term bullish slant is currently tested. The break out of this slant will give an important new sell signal. We could expected a strong correction towards 1.6474 as it was the case during the last test. However, we will advise to trade only short positions as far as the parity will move into its bearish channel.

Join the Discussion