The pair still stays within the flat

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.

Vasiliy Lukin
FreshForex Analyst
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