My theory on 14/11/17 went, ''The pair has broken the descending trend line originating from 10/2008. If the breakout has legs behind it, there are hundreds/thousands of pips to the upside. It would be a sweet deal for long-term/position traders!'' As I write, price is now 300 pips, yes 300 pips from my last analysis. In this update, price can be seen moving in an upward sloping channel. The upper channel line intersects the 02/2016 swing high at 1.6252, a level which I expect a strong reaction or at least a pause in upside price acceleration. Good luck traders.