The pair has managed to hold positions above (2/8) | 12 اكتوبر 2016
12 اكتوبر 2016, GBP/USD
The 4 hours' chart of GBPUSD. The pair has forced the local Low at 1.2207 (2/8), but bulls managed to quickly recover the situation, and the price has again returned to 1.2207 (2/8). The main option is continuation of movements within a broad flat range with 1.2207 (2/8) and 1.2451 (3/8) as its borders. As part of this plan, we now expect the pair to get to the top of the range. This option would be canceled by breakdown and consolidation of the pair higher or lower borders of the channel.
Trading solutions: none
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
