GBPUSD downchannel upward breakout potential

FX:GBPUSD   British Pound / U.S. Dollar
190 5 4
Taking the dip to 1.6 to be a retracement on the previous three candles (with still maybe 30-50pips yet to fall if no bounce off 1.6) the upper downchannel resistance is likely to be retested this week providing ~150pips opportunity with resistance following a breakout of the channel lying at ~1.634 providing the possibility of another ~200pips.
dora.etfrog Nickmail
totally agree with u !!!
I think this looks strong... I will seriously look at this myself for this week.
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