GBP/USD has formed a Descending pattern on the 1H chart. The pattern has 68% quality and 53% magnitude in the 122-bar period. The pattern began on 28th of February when the pair peaked to 1.5223; at the moment it is trading at 1.4989; pattern’s support is at 1.4977 and is set to intersect with the pattern’s resistance on 11th of March, 13:00 GMT. Trading volume seems to be holding at the same level in the length of the pattern. Current market sentiment is strongly bullish as 74% of traders
