Mon, 18 Nov 2013 14:48:46 GMT
GBP/USD 4H Chart: Rectangle
Since mid-September the cable has been bounded in a 360 pips range between two parallel trend lines. It means that it would be extremely difficult to push the pair above 1.6258 or below 1.5899, and a strong impetus would be required. In a shorter term, however, the pair is expected to inch higher toward pattern's resistance, as majority of technical