GBP/USD has formed a Channel Down pattern on the 1H chart. The pattern has 41% quality and 79% magnitude in the 187-bar period. The pattern began on 13th of January when the pair peaked to 1.5689; currently it is trading close to pattern’s resistance at 1.5194. Trading volume seems to be holding at the same level in the length of the pattern. Technical indicators on aggregate point at appreciation of the pair on 1H horizon suggesting it might breach the pattern upwards. Long traders could
