- GBP/USD Month time frame shown from the Lows made in 1993.
- Price touched the support line in 1993, 2001, 2009 and Now in 2016.
- Breaking this support line can lead to long term weakness for the pair.
- Pattern also looks like a Multi-Year Head and shoulders pattern. If the Support line holds these scenarios does not come into play.
June 24, 2016
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