{video}GBPUSD raised questions over its four-month-old positive trend after failing to print a new higher high above December's peak of 1.2445, subsequently crashing below two support trendlines. Despite the latest rapid downfall, the bullish pattern remains intact as the bears have not charted a new lower low below January’s trough of 1.1840. The flattening 200-day simple moving average (SMA) and the 23.6% Fibonacci retracement of the 1.0324-1.2445 upleg are also on guard slightly higher at 1.1945 as the falling technical indicators are flagging more losses ahead. Yet, with the stochastic oscillator having dipped ... (full story)