04 July 2016, GBP/USD
The pound is still fluctuating within the flat. This is probably caused by formation of the wave [ii] of the downward momentum. To finish this correctional wave, growth is required in the form it is showed on the below chart. Although the pair may continue to move withiin a narrow range for some time. Thus, it is clear that we will open trades on update of the Low, for this you can use the pending Sell Stop order.