The pair is still consolidating within the channel (3/8 - 5/8) | 21 Juli 2015
21 Juli 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair is still consolidating within the horizontal channel (3/8 – 5/8). Meanwhile, there are no signs that the price will leave the channel. Therefore, the main scenario considered by us is that the price will continue to move within this flat. Middle-term directions of the pair will be defined only when the price leaves this channel
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.
