GBP/USD 1H Chart: Channel Up

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    GBP/CAD 1H Chart: Channel Up Comment: So far this year has been bearish for the Sterling, but the lower time frames suggest the currency has the potential to negate some of the latest losses within the emerging ascending channel. Eventually, in the perspective of the next several weeks, GBP/CAD might recover up to 1.9350, but for now the gains are to be limited by the upper boundary of the pattern at 1.92, which is reinforced by the weekly R1 and March 10 high. At the same time, near-term dips

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