Mon, 20 May 2013 14:11:33 GMT
Weekly Trade Pattern Idea
GBP/USD has formed a Channel Down pattern on the 1D chart. The pattern has 44% quality and 100% magnitude on in the 144-bar period.The pattern started on the 15th of November, 2013, when the pair dipped to 200-day SMA at 1.5829; currently it is trading at the Fibonacci retracement (23.6% of 2nd of January, 2013, to 12th of March, 2012,