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

By IBTimes Staff Reporter | February 04 2010 4:31 AM

The bearish movement took up and 1.5924 has been broken. A new sell signal is given. We maintain to trade only shorts positions as far as 1.0625 is resistance. The break out of 1.5833, lowest of december 30th 2009 (allowing us to draw fibonacci retracements) will give a new sell signal.

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