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

By IBTimes Staff Reporter | December 22 2009 3:57 AM

The bearish movement continued and the break out of 1.61 gave us a new sell signal. We will advise to trade only short positions as far as the 1.6150 is resistance. The break out of 1.60 will give us a new sell signal.

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