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

 @ibtimes on February 11 2010 2:42 AM

1.5726 acted well as resistance and the parity took up its bearish movement. The parity is still moving into its bearish channel and as far as it is the case, we maintain to trade only short positions. The break out of 1.5550 will give a new sell signal. However, if the price get out of its channel and 1.5726 become support, we could enter long on the parity.

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