Forex: GBP/USD moving within falling channel

_iNVEZZ.com Thursday June 27th_: The GBP/USD fall extended during the European trading session. A low of 1.5240 has so far been reached and the current loss for the day is estimated at 0.70 percent. At press time the pair is residing at 1.5245.

Since the 17 June high of 1.5750 the price has been descending within a symmetrical channel.
Looking at the monthly chart a symmetrical triangle pattern was broken to the downside during February and a low of 1.4830 was reached during March. Subsequently the price rose to test the triangle but didn’t touch the figure and started to fall again. If the price continues to drop and overcomes the March low, the GBP/USD may move towards the all-time low of 1.3501.

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