Mon, 26 Nov 2012 14:20:28 GMT
Weekly trade pattern idea
GBP/USD has formed a Rectangle pattern on 1D chart. The pattern has 78% quality and 91% magnitude on in the 343-bar period.Pattern started on 19th of August, 2011, when the pair peaked to 1.6618; currently it is trading at 1.6025; pattern's support is at 1.5252 and resistance is at 1.6307. The Technical indicators on aggregate on 1W horizon point at