GBP/USD 1H Chart: Channel Down

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
The British Pound commenced a decline against the U.S. Dollar on January 10 when the pair reached a one-week high. The drop has been developing within the limits of the channel down pattern that despite being relatively short, only 51-bar long, promises to remain in place in the foreseeable future given that more than 52% of traders expect the pair to prolong its losing streak in the hours to come. Meanwhile, technical indicators are strengthening this view, sensing bearish signals for short and medium terms.
© Dukascopy Bank SA
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