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The pair is still consolidating within the channel (3/8 - 5/8)

21 July 2015, GBP/USD

The pair is still consolidating within the channel (3/8 - 5/8)

4 hours’ chart of  GBPUSD. The pair is still consolidating within the horizontal channel (3/8 – 5/8). Meanwhile, there are no signs that the price will leave the channel. Therefore, the main scenario considered by us is that the price will continue to move within this flat. Middle-term directions of the pair will be defined only when the price leaves this channel

Nikolay Krishtopov
FreshForex Analyst
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