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The pair continues to move in the channel (3/8 - 5/8)

28 July 2015, GBP/USD

A pair continues to move in the channel (3/8 - 5/8)

The four-hours' chart of GBPUSD. Over the last day, no significant changes took place on the chart. The pair continues to move within a horizontal channel (3/8 - 5/8). option Therefore, continuation of this flat movement is considered to be the main scenario now. This option will be canceled if the price will consolidate on one of the boundaries of the channel and that will be an important prognostic signal.

Nikolay Krishtopov
FreshForex Analyst
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