FxWirePro: GBP/USD technical round up; binary calls for targets of 20-25 pips

We continue to be firm as to this pair has created a spectacular opportunities for speculators. On EOD charts a candle with long bearish real body at 1.5456 levels occurred to breach channel support. We reckon the short trend is under tight controls of tug of war between bulls and bears while major trend seems to be quite neutral to bearish bias.

Eye opener: Worth reading this calculation often and often.

On breach of 1^st channel line support (at 1.5534) the distance of slumps = 1.71%.

On 2^nd channel line support (at 1.5267) = almost 4.01% recovery.

On breach of 2^nd channel line support (at 1.5725) = slumps until 1.5526 or 1.3%.

Now the time for 3^rd channel as the pair has breached on closing basis at 1.5456 levels, so would be the trade bet is million dollar puzzle..? Another channel line distance recovery for bears, maybe about more than 1.30% slumps..?

To substantiate this rationale, oscillators are still moving in convergence with the falling prices. RSI at 38.8825 while %D line at 8.4603 & %K line at 11.0345 on slow stochastic.

For intraday basis we suggest buying binary calls on every dips for targets around 20-25 pips.