The decline of the GBP/USD recovered after reaching the 1.3600 level. By the middle of Monday's European trading hours, the currency exchange rate had recovered to the 1.3660 level. In addition, analysts have spotted a new channel down pattern on the pair's hourly candle chart. If the rate passes the resistance of the channel down pattern, the GBP/USD could aim at
At the start of this week's trading, the EUR/USD currency exchange rate passed the resistance of a channel down pattern. The pattern had guided the rate down since August 13. During the early hours of Monday's trading, the pair reached and bounced off the resistance of the weekly simple pivot point at 1.1723 and reached the support of
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