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

23 July 2015, GBP/USD

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

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

4 hours’ chart of  GBPUSD. No significant changes have been made on the chart for the last 24 hours. Currently the pair is consolidating within a horizontal channel (3/8 – 5/8), which will last until the price will break and consolidate on one of the channel borders and that will become an important prognostic signal.

Nikolay Krishtopov
Analyst of «FreshForex» company
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