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

 @ibtimes
on February 10 2010 5:13 AM

1.5650 has been broken and the correction movement continued towards 1.5726 which is currently tested. If this level is broken, the correction should continue towards the upper band of the bearish channel towards 1.58. however, we maintain to trade only short positions as far as the price is moving into its bearish channel. If an exit of the channel occur, a buy signal will be given.

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