Pound sterling grew significantly during last two days. It even broke the descending channel (blue lines on the graph). It is starting to consolidate, but the movement of quotations on the graph H4 is hinting at formation of local top.

It isn’t recommended to hurry up, but one should look carefully at GBPUSD on Friday. The possibility of closing long positions if pretty high, and GBPUSD pair may return to the channel and descend. It will be possible to sell at the entry into the channel. It is possible to sell lower than 1.6100-1.6105.

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