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Potential for growth

Potential for growth | 28 July 2016

28 July 2016, GBP/USD

Four-hours chart of GBPUSD. As expected, the pair has bounced off from the bottom of the flat, in which the price had been quite a long time. At the local level, the pair has a room for growth, but as long as the price stays within the horizontal channel, it is too early to talk about the medium-term direction of the price movement. The main plan is continuation of consolidation around (2/8), with a possible surge to around 1.33 within the flat, in which the price is moving. But when you buy, do not forget that the trend is still descending

Trading solutions: not.

Nikolay Krishtopov
FreshForex Analyst
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