Fri, 17 Feb 2017 08:57:55 GMT
GBP/USD 1H Chart: Channel Down
A set of bearish patterns are leading GBP/USD to the downside on several different time-frames. The pair has been following an indistinctive channel down pattern on the daily chart, sketching some additional bearish formations on other time-frames. An overlap of a channel down and symmetrical triangle tells us unanimously that the downtrend should extend in the short, medium and long-term.