Tue, 02 Jul 2013 13:46:32 GMT
GBP/USD 4H: Channel Down
A short term bearish pattern was formed by GBP/USD on June 17, when the pair started depreciating from 1.5752, currently trading at 1.5150. Even despite the fact the pair has been heading to the south during the last several weeks, further movement cannot be predicted unambiguously.There are several reasons behind it: on the one hand aggregate technical indicators are sending