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The pair returned to the channel (3/8 - 5/8)

27 July 2015, GBP/USD

The pair returned to the channel (3/8 - 5/8)

4-hours' chart of GBPUSD. The pair went back into the channel (3/8 - 5/8). If it manages to consolidate within its borders, the break of 1.5503 (3/8) which took place earlier, will be treated by us as false. As the main option, we still consider he continuation of consolidation within a horizontal channel with boundaries 1.5503 (3.8) and 1.5747 (5/8).

Nikolay Krishtopov
FreshForex Analyst
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