Fri, 02 Oct 2015 13:38:12 GMT
GBP/USD 4H Chart: Channel Down
While last week it was clear that the Sterling is losing value against the US currency, this week is marked by a much softer pace of the decline. Support is being created by the major level of 1.51, which is only going to be strengthened by the monthly S1 at 1.4939, followed by the pattern's lower edge some 30 pips