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

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1.61 is finaly broken and the sell signal has been given. We will now advise to trade only short positions as far as this level is resistance. The break out of 1.5924 will give a new sell signal. However, if the price get back above 1.61, we will stay neutral between this level and 1.6245.

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