March 2, 2015

GBPUSD Channel break and support zone

  • GBPUSD 4 Hour chart shows price breaking below the channel.
  • Possible support zone at 1.5320 - 40. This chart shows price moving towards the support zone of a broadening pattern.
  • Last chart shows 4 Hour cloud getting tested. 4 Hour close below the cloud may result in bigger falls for this pair.
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