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Consolidation within the channel (3/8 - 5/8) continues

22 July 2015, GBP/USD

Consolidation within the channel (3/8 - 5/8) continues

4 hours’ chart of  GBPUSD. No significant changes have been made on the chart for the last 24 hours. The pair is still consolidating within a horixontal channel (3/8 – 5/8). Meanwhile, there are no signs that the price may leave the channel, so continuation of movement within the above-mentioned boundaries is our main scenario. When the price leaves this flat, we may discuss middle-term plans.

Nikolay Krishtopov
Analyst of «FreshForex» company
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