By FXEmpire.com
The GBP/USD pair ended the week higher, but gave back much of its gains by the end of Friday trading. The resulting candle was a shooting star at the bottom of a strong move lower, and this signals to us that sooner or later this pair will fall. Once it manages to break below the 1.52 level, this pair could move much, much lower. Because of this, we are in a “sell only” mode, and are selling that break previously mentioned, or weak looking daily candles on rallies.
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Originally posted here
